	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,000	£12,180	£12,484	£12,797	£13,181	£62,642
Total Expenses	£11,619	£11,648	£11,689	£11,732	£11,781	£58,469
Profit Before Tax	£381	£532	£795	£1,065	£1,400	£4,173
Profit After Tax	£309	£431	£644	£863	£1,134	£3,380
Change In Property Value	£2,500	£2,525	£7,651	£10,507	£12,293	£35,476
Net Return	£2,809	£2,956	£8,295	£11,370	£13,427	£38,856
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	4%	4%	11%	15%	18%	51%