	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,000	£12,180	£12,363	£12,672	£12,989	£62,203
Total Expenses	£9,633	£9,701	£9,761	£9,833	£9,908	£48,837
Profit Before Tax	£2,367	£2,479	£2,602	£2,838	£3,081	£13,366
Profit After Tax	£1,917	£2,008	£2,108	£2,299	£2,495	£10,827
Change In Property Value	£5,999	£11,327	£13,037	£13,819	£10,986	£55,167
Net Return	£7,915	£13,335	£15,144	£16,118	£13,481	£65,994
Return From Rental Income (%)	3%	3%	3%	4%	4%	18%
Total Net Return (%)	13%	22%	25%	26%	22%	108%