	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,132	£9,269	£9,408	£9,643	£9,884	£47,337
Total Expenses	£7,579	£7,642	£7,697	£7,763	£7,829	£38,510
Profit Before Tax	£1,553	£1,627	£1,711	£1,881	£2,055	£8,827
Profit After Tax	£1,258	£1,318	£1,386	£1,523	£1,665	£7,150
Change In Property Value	£4,350	£8,214	£9,454	£10,021	£7,967	£40,006
Net Return	£5,608	£9,532	£10,840	£11,544	£9,631	£47,156
Return From Rental Income (%)	3%	3%	3%	3%	4%	16%
Total Net Return (%)	13%	21%	24%	26%	22%	106%