	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,760	£8,891	£9,025	£9,250	£9,482	£45,408
Total Expenses	£7,348	£7,411	£7,466	£7,530	£7,596	£37,352
Profit Before Tax	£1,412	£1,480	£1,559	£1,720	£1,886	£8,056
Profit After Tax	£1,143	£1,199	£1,263	£1,393	£1,527	£6,526
Change In Property Value	£4,170	£7,874	£9,063	£9,606	£7,637	£38,351
Net Return	£5,313	£9,073	£10,325	£11,000	£9,165	£44,876
Return From Rental Income (%)	3%	3%	3%	3%	4%	15%
Total Net Return (%)	12%	21%	24%	26%	21%	105%