	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£18,000	£18,270	£18,727	£19,195	£19,771	£93,962
Total Expenses	£13,897	£13,970	£14,059	£14,150	£14,250	£70,326
Profit Before Tax	£4,103	£4,300	£4,668	£5,045	£5,521	£23,637
Profit After Tax	£3,323	£3,483	£3,781	£4,087	£4,472	£19,146
Change In Property Value	£3	£3	£5,090	£9,086	£12,091	£26,272
Net Return	£3,326	£3,485	£8,871	£13,173	£16,563	£45,417
Return From Rental Income (%)	4%	4%	5%	5%	6%	25%
Total Net Return (%)	4%	4%	11%	17%	21%	59%