	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£16,500	£16,747	£16,999	£17,424	£17,859	£85,529
Total Expenses	£13,301	£13,376	£13,442	£13,526	£13,612	£67,257
Profit Before Tax	£3,199	£3,372	£3,557	£3,898	£4,247	£18,272
Profit After Tax	£2,591	£2,731	£2,881	£3,157	£3,440	£14,801
Change In Property Value	£3	£5,999	£10,708	£14,250	£9,927	£40,887
Net Return	£2,594	£8,730	£13,589	£17,407	£13,367	£55,688
Return From Rental Income (%)	3%	3%	3%	3%	4%	16%
Total Net Return (%)	3%	9%	15%	19%	14%	60%