	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,572	£22,911	£23,483	£24,070	£24,793	£117,829
Total Expenses	£18,937	£19,017	£19,117	£19,220	£19,334	£95,625
Profit Before Tax	£3,635	£3,894	£4,366	£4,851	£5,458	£22,204
Profit After Tax	£2,944	£3,154	£3,537	£3,929	£4,421	£17,985
Change In Property Value	£4	£4	£7,400	£13,209	£17,578	£38,195
Net Return	£2,948	£3,158	£10,937	£17,138	£21,999	£56,180
Return From Rental Income (%)	2%	3%	3%	3%	4%	15%
Total Net Return (%)	2%	3%	9%	15%	19%	48%