	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£19,896	£20,194	£20,699	£21,217	£21,853	£103,860
Total Expenses	£16,805	£16,880	£16,974	£17,070	£17,176	£84,904
Profit Before Tax	£3,091	£3,314	£3,725	£4,147	£4,677	£18,955
Profit After Tax	£2,504	£2,684	£3,018	£3,359	£3,789	£15,354
Change In Property Value	£3	£3	£6,460	£11,531	£15,345	£33,343
Net Return	£2,507	£2,688	£9,478	£14,891	£19,134	£48,697
Return From Rental Income (%)	2%	3%	3%	3%	4%	15%
Total Net Return (%)	2%	3%	9%	15%	19%	48%