	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,300	£9,439	£9,581	£9,821	£10,066	£48,207
Total Expenses	£7,756	£7,820	£7,875	£7,941	£8,008	£39,400
Profit Before Tax	£1,544	£1,619	£1,706	£1,880	£2,058	£8,807
Profit After Tax	£1,251	£1,312	£1,382	£1,523	£1,667	£7,134
Change In Property Value	£4,500	£8,497	£9,780	£10,366	£8,241	£41,384
Net Return	£5,750	£9,809	£11,161	£11,889	£9,908	£48,518
Return From Rental Income (%)	3%	3%	3%	3%	4%	16%
Total Net Return (%)	13%	21%	24%	26%	22%	105%