	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,856	£15,079	£15,456	£15,842	£16,317	£77,550
Total Expenses	£12,412	£12,481	£12,561	£12,644	£12,734	£62,833
Profit Before Tax	£2,444	£2,598	£2,894	£3,198	£3,583	£14,718
Profit After Tax	£1,979	£2,104	£2,344	£2,591	£2,903	£11,921
Change In Property Value	£4,500	£4,590	£9,364	£12,173	£12,781	£43,408
Net Return	£6,479	£6,694	£11,708	£14,763	£15,684	£55,329
Return From Rental Income (%)	3%	3%	3%	4%	4%	17%
Total Net Return (%)	9%	10%	17%	22%	23%	81%