	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£18,600	£18,879	£19,351	£19,835	£20,430	£97,095
Total Expenses	£15,763	£15,836	£15,927	£16,019	£16,121	£79,665
Profit Before Tax	£2,838	£3,043	£3,424	£3,816	£4,309	£17,429
Profit After Tax	£2,298	£2,465	£2,774	£3,091	£3,490	£14,118
Change In Property Value	£3	£3	£6,000	£10,710	£14,252	£30,969
Net Return	£2,301	£2,468	£8,774	£13,801	£17,742	£45,086
Return From Rental Income (%)	2%	3%	3%	3%	4%	15%
Total Net Return (%)	2%	3%	9%	15%	19%	48%