	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,100	£23,446	£24,033	£24,633	£25,372	£120,585
Total Expenses	£19,188	£19,269	£19,370	£19,474	£19,591	£96,892
Profit Before Tax	£3,912	£4,178	£4,662	£5,159	£5,782	£23,693
Profit After Tax	£3,169	£3,384	£3,776	£4,179	£4,683	£19,191
Change In Property Value	£4	£4	£7,500	£13,388	£17,815	£38,711
Net Return	£3,172	£3,388	£11,277	£17,567	£22,498	£57,902
Return From Rental Income (%)	3%	3%	3%	3%	4%	16%
Total Net Return (%)	3%	3%	9%	15%	19%	48%