	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£26,484	£26,881	£27,553	£28,242	£29,089	£138,250
Total Expenses	£21,709	£21,794	£21,905	£22,017	£22,145	£109,570
Profit Before Tax	£4,775	£5,087	£5,649	£6,225	£6,945	£28,681
Profit After Tax	£3,868	£4,120	£4,575	£5,042	£5,625	£23,231
Change In Property Value	£4	£4	£8,600	£15,351	£20,428	£44,388
Net Return	£3,872	£4,125	£13,176	£20,393	£26,053	£67,620
Return From Rental Income (%)	3%	3%	3%	4%	4%	17%
Total Net Return (%)	3%	3%	9%	15%	19%	49%