	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,884	£23,227	£23,576	£24,165	£24,769	£118,621
Total Expenses	£18,445	£18,530	£18,606	£18,706	£18,809	£93,096
Profit Before Tax	£4,439	£4,698	£4,970	£5,459	£5,960	£25,525
Profit After Tax	£3,595	£3,805	£4,026	£4,422	£4,827	£20,675
Change In Property Value	£4	£8,800	£15,708	£20,903	£14,562	£59,978
Net Return	£3,600	£12,605	£19,734	£25,325	£19,390	£80,653
Return From Rental Income (%)	3%	3%	3%	3%	3%	15%
Total Net Return (%)	3%	9%	14%	18%	14%	57%