	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,120	£15,347	£15,577	£15,966	£16,366	£78,376
Total Expenses	£12,360	£12,433	£12,497	£12,578	£12,660	£62,528
Profit Before Tax	£2,760	£2,914	£3,080	£3,389	£3,705	£15,848
Profit After Tax	£2,235	£2,360	£2,495	£2,745	£3,001	£12,837
Change In Property Value	£3	£5,500	£9,818	£13,064	£9,102	£37,486
Net Return	£2,238	£7,860	£12,313	£15,809	£12,103	£50,323
Return From Rental Income (%)	3%	3%	3%	3%	4%	15%
Total Net Return (%)	3%	9%	15%	19%	14%	59%