	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,700	£24,055	£24,657	£25,273	£26,032	£123,717
Total Expenses	£20,042	£20,123	£20,226	£20,332	£20,450	£101,173
Profit Before Tax	£3,658	£3,932	£4,431	£4,942	£5,581	£22,544
Profit After Tax	£2,963	£3,185	£3,589	£4,003	£4,521	£18,261
Change In Property Value	£4	£4	£7,900	£14,102	£18,765	£40,775
Net Return	£2,967	£3,189	£11,489	£18,104	£23,286	£59,036
Return From Rental Income (%)	2%	3%	3%	3%	4%	14%
Total Net Return (%)	2%	3%	9%	14%	18%	47%