	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,000	£12,180	£12,484	£12,797	£13,181	£62,642
Total Expenses	£9,548	£9,612	£9,685	£9,760	£9,842	£48,447
Profit Before Tax	£2,452	£2,568	£2,799	£3,036	£3,339	£14,194
Profit After Tax	£1,986	£2,080	£2,267	£2,459	£2,705	£11,497
Change In Property Value	£4,800	£4,944	£9,336	£10,745	£11,389	£41,214
Net Return	£6,786	£7,024	£11,603	£13,204	£14,094	£52,711
Return From Rental Income (%)	4%	4%	5%	5%	6%	23%
Total Net Return (%)	14%	14%	24%	27%	29%	108%