	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	£12,427	£12,495	£12,576	£12,659	£12,750	£62,908
Profit Before Tax	£2,573	£2,730	£3,029	£3,336	£3,726	£15,394
Profit After Tax	£2,084	£2,211	£2,454	£2,703	£3,018	£12,469
Change In Property Value	£6,750	£6,953	£13,129	£15,110	£16,016	£57,957
Net Return	£8,834	£9,163	£15,582	£17,812	£19,034	£70,427
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	13%	13%	23%	26%	28%	103%