	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,688	£24,043	£24,644	£25,261	£26,018	£123,655
Total Expenses	£19,624	£19,705	£19,808	£19,914	£20,032	£99,084
Profit Before Tax	£4,064	£4,338	£4,836	£5,347	£5,986	£24,571
Profit After Tax	£3,292	£3,514	£3,917	£4,331	£4,849	£19,902
Change In Property Value	£4	£4	£7,690	£13,727	£18,267	£39,691
Net Return	£3,296	£3,518	£11,607	£18,058	£23,115	£59,594
Return From Rental Income (%)	3%	3%	3%	4%	4%	16%
Total Net Return (%)	3%	3%	9%	15%	19%	48%