	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£22,500	£22,837	£23,408	£23,994	£24,713	£117,453
Total Expenses	£20,604	£20,649	£20,717	£20,786	£20,869	£103,625
Profit Before Tax	£1,896	£2,188	£2,692	£3,207	£3,844	£13,828
Profit After Tax	£1,536	£1,773	£2,180	£2,598	£3,114	£11,201
Change In Property Value	£4,500	£4,545	£13,771	£18,913	£22,128	£63,857
Net Return	£6,036	£6,318	£15,952	£21,511	£25,242	£75,058
Return From Rental Income (%)	1%	1%	1%	2%	2%	8%
Total Net Return (%)	4%	4%	11%	15%	17%	51%