	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,000	£15,225	£15,606	£15,996	£16,476	£78,302
Total Expenses	£9,935	£9,969	£10,018	£10,068	£10,126	£50,116
Profit Before Tax	£5,065	£5,256	£5,588	£5,928	£6,349	£28,186
Profit After Tax	£4,103	£4,257	£4,526	£4,802	£5,143	£22,831
Change In Property Value	£5,000	£5,125	£9,456	£12,077	£13,899	£45,557
Net Return	£9,103	£9,382	£13,982	£16,879	£19,042	£68,388
Return From Rental Income (%)	7%	7%	7%	8%	8%	37%
Total Net Return (%)	15%	15%	23%	28%	31%	112%