	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,700	£11,875	£12,054	£12,355	£12,664	£60,648
Total Expenses	£8,962	£9,029	£9,088	£9,160	£9,233	£45,472
Profit Before Tax	£2,739	£2,846	£2,966	£3,195	£3,430	£15,176
Profit After Tax	£2,218	£2,306	£2,402	£2,588	£2,779	£12,293
Change In Property Value	£2	£3,600	£6,426	£8,551	£5,957	£24,537
Net Return	£2,220	£5,906	£8,828	£11,139	£8,736	£36,829
Return From Rental Income (%)	4%	4%	4%	5%	5%	22%
Total Net Return (%)	4%	11%	16%	20%	16%	67%