	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	£9,635	£9,703	£9,762	£9,835	£9,909	£48,845
Profit Before Tax	£2,365	£2,477	£2,600	£2,837	£3,079	£13,358
Profit After Tax	£1,916	£2,006	£2,106	£2,298	£2,494	£10,820
Change In Property Value	£6,000	£11,330	£13,040	£13,822	£10,989	£55,181
Net Return	£7,916	£13,336	£15,146	£16,120	£13,483	£66,001
Return From Rental Income (%)	3%	3%	3%	4%	4%	18%
Total Net Return (%)	13%	22%	25%	26%	22%	108%