	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,240	£12,424	£12,734	£13,053	£13,444	£63,894
Total Expenses	£10,366	£10,430	£10,504	£10,580	£10,661	£52,540
Profit Before Tax	£1,875	£1,994	£2,230	£2,473	£2,783	£11,354
Profit After Tax	£1,518	£1,615	£1,807	£2,003	£2,254	£9,197
Change In Property Value	£5,400	£5,562	£10,503	£12,088	£12,813	£46,366
Net Return	£6,918	£7,177	£12,309	£14,091	£15,067	£55,563
Return From Rental Income (%)	3%	3%	3%	4%	4%	17%
Total Net Return (%)	13%	13%	22%	26%	27%	101%