	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,000	£15,225	£15,606	£15,996	£16,476	£78,302
Total Expenses	£11,832	£11,900	£11,981	£12,064	£12,155	£59,932
Profit Before Tax	£3,168	£3,325	£3,624	£3,932	£4,321	£18,370
Profit After Tax	£2,566	£2,693	£2,936	£3,185	£3,500	£14,880
Change In Property Value	£6,300	£6,489	£12,253	£14,103	£14,949	£54,094
Net Return	£8,866	£9,182	£15,189	£17,287	£18,449	£68,973
Return From Rental Income (%)	4%	4%	5%	5%	5%	23%
Total Net Return (%)	14%	14%	24%	27%	29%	108%