	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,500	£22,837	£23,408	£23,994	£24,713	£117,453
Total Expenses	£17,628	£17,673	£17,741	£17,811	£17,893	£88,747
Profit Before Tax	£4,872	£5,164	£5,667	£6,183	£6,820	£28,706
Profit After Tax	£3,946	£4,183	£4,590	£5,008	£5,524	£23,252
Change In Property Value	£4	£4	£7,500	£13,388	£17,815	£38,711
Net Return	£3,950	£4,187	£12,091	£18,396	£23,340	£61,963
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	3%	3%	10%	15%	19%	52%