	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,600	£12,789	£13,109	£13,436	£13,840	£65,774
Total Expenses	£10,400	£10,464	£10,539	£10,616	£10,699	£52,718
Profit Before Tax	£2,200	£2,325	£2,569	£2,820	£3,141	£13,055
Profit After Tax	£1,782	£1,883	£2,081	£2,285	£2,544	£10,575
Change In Property Value	£5,399	£5,560	£10,500	£12,085	£12,810	£46,353
Net Return	£7,181	£7,443	£12,581	£14,369	£15,353	£56,928
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	13%	14%	23%	26%	28%	104%