	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£28,140	£28,562	£29,276	£30,008	£30,908	£146,895
Total Expenses	£21,922	£21,975	£22,057	£22,142	£22,242	£110,338
Profit Before Tax	£6,218	£6,587	£7,219	£7,866	£8,666	£36,556
Profit After Tax	£5,037	£5,335	£5,847	£6,372	£7,019	£29,611
Change In Property Value	£5	£5	£9,380	£16,744	£22,281	£48,414
Net Return	£5,042	£5,340	£15,227	£23,115	£29,300	£78,025
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	3%	3%	10%	15%	19%	51%