	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	£8,358	£8,422	£8,495	£8,570	£8,651	£42,496
Profit Before Tax	£3,642	£3,758	£3,989	£4,226	£4,529	£20,145
Profit After Tax	£2,950	£3,044	£3,231	£3,423	£3,669	£16,318
Change In Property Value	£3,900	£4,017	£7,585	£8,730	£9,254	£33,487
Net Return	£6,850	£7,061	£10,817	£12,154	£12,923	£49,804
Return From Rental Income (%)	7%	8%	8%	9%	9%	41%
Total Net Return (%)	17%	18%	27%	30%	32%	125%