	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,200	£11,368	£11,652	£11,944	£12,302	£58,466
Total Expenses	£9,468	£9,531	£9,602	£9,675	£9,754	£48,030
Profit Before Tax	£1,732	£1,837	£2,050	£2,268	£2,548	£10,436
Profit After Tax	£1,403	£1,488	£1,661	£1,837	£2,064	£8,453
Change In Property Value	£4,800	£4,944	£9,336	£10,745	£11,389	£41,214
Net Return	£6,203	£6,432	£10,996	£12,582	£13,453	£49,667
Return From Rental Income (%)	3%	3%	3%	4%	4%	17%
Total Net Return (%)	13%	13%	22%	26%	27%	101%