	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£20,400	£20,706	£21,224	£21,754	£22,407	£106,491
Total Expenses	£13,959	£14,035	£14,130	£14,227	£14,335	£70,686
Profit Before Tax	£6,441	£6,671	£7,094	£7,527	£8,072	£35,805
Profit After Tax	£5,217	£5,403	£5,746	£6,097	£6,538	£29,002
Change In Property Value	£3	£3	£5,000	£8,925	£11,877	£25,807
Net Return	£5,220	£5,406	£10,746	£15,022	£18,415	£54,809
Return From Rental Income (%)	7%	7%	8%	8%	9%	38%
Total Net Return (%)	7%	7%	14%	20%	24%	72%