	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£19,404	£19,695	£20,187	£20,692	£21,313	£101,292
Total Expenses	£16,438	£16,513	£16,605	£16,700	£16,804	£83,061
Profit Before Tax	£2,966	£3,182	£3,582	£3,992	£4,508	£18,231
Profit After Tax	£2,402	£2,577	£2,902	£3,234	£3,652	£14,767
Change In Property Value	£3	£3	£6,300	£11,246	£14,965	£32,517
Net Return	£2,406	£2,581	£9,202	£14,480	£18,617	£47,284
Return From Rental Income (%)	2%	3%	3%	3%	4%	15%
Total Net Return (%)	2%	3%	9%	15%	19%	48%