	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£18,300	£18,574	£19,039	£19,515	£20,100	£95,528
Total Expenses	£14,831	£14,904	£14,994	£15,085	£15,186	£75,000
Profit Before Tax	£3,469	£3,670	£4,045	£4,430	£4,914	£20,529
Profit After Tax	£2,810	£2,973	£3,277	£3,588	£3,980	£16,628
Change In Property Value	£8,318	£8,568	£16,179	£18,620	£19,737	£71,422
Net Return	£11,128	£11,541	£19,455	£22,208	£23,718	£88,050
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	13%	13%	23%	26%	28%	103%