	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	£12,236	£12,270	£12,302	£12,350	£12,398	£61,557
Profit Before Tax	£2,164	£2,346	£2,533	£2,856	£3,188	£13,087
Profit After Tax	£1,753	£1,900	£2,052	£2,314	£2,582	£10,600
Change In Property Value	£4,800	£11,368	£15,128	£17,565	£12,910	£61,770
Net Return	£6,553	£13,268	£17,179	£19,878	£15,492	£72,371
Return From Rental Income (%)	2%	2%	2%	2%	3%	11%
Total Net Return (%)	7%	13%	17%	20%	15%	72%