	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,288	£12,472	£12,659	£12,976	£13,300	£63,696
Total Expenses	£9,503	£9,571	£9,631	£9,704	£9,779	£48,189
Profit Before Tax	£2,785	£2,901	£3,029	£3,272	£3,521	£15,507
Profit After Tax	£2,256	£2,350	£2,453	£2,650	£2,852	£12,561
Change In Property Value	£1,950	£5,908	£8,114	£9,494	£7,716	£33,182
Net Return	£4,206	£8,258	£10,567	£12,143	£10,568	£45,743
Return From Rental Income (%)	4%	4%	4%	4%	5%	21%
Total Net Return (%)	7%	14%	18%	20%	18%	77%