	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,400	£14,616	£14,835	£15,206	£15,586	£74,644
Total Expenses	£11,162	£11,234	£11,297	£11,375	£11,456	£56,524
Profit Before Tax	£3,238	£3,382	£3,539	£3,831	£4,130	£18,120
Profit After Tax	£2,623	£2,740	£2,866	£3,103	£3,345	£14,677
Change In Property Value	£7,200	£13,596	£15,648	£16,587	£13,186	£66,217
Net Return	£9,823	£16,336	£18,514	£19,689	£16,532	£80,894
Return From Rental Income (%)	4%	4%	4%	4%	5%	20%
Total Net Return (%)	13%	22%	25%	27%	23%	111%