	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£18,816	£19,098	£19,576	£20,065	£20,667	£98,222
Total Expenses	£15,189	£15,263	£15,354	£15,447	£15,550	£76,802
Profit Before Tax	£3,627	£3,835	£4,222	£4,618	£5,117	£21,420
Profit After Tax	£2,938	£3,106	£3,420	£3,741	£4,145	£17,350
Change In Property Value	£7,125	£7,303	£13,474	£17,210	£19,807	£64,919
Net Return	£10,063	£10,410	£16,894	£20,951	£23,952	£82,269
Return From Rental Income (%)	3%	4%	4%	4%	5%	20%
Total Net Return (%)	11%	12%	19%	24%	27%	93%