	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,400	£14,616	£14,981	£15,356	£15,817	£75,170
Total Expenses	£11,970	£12,038	£12,117	£12,199	£12,287	£60,611
Profit Before Tax	£2,430	£2,578	£2,864	£3,157	£3,529	£14,559
Profit After Tax	£1,968	£2,088	£2,320	£2,557	£2,859	£11,793
Change In Property Value	£6,450	£6,644	£12,545	£14,438	£15,305	£55,382
Net Return	£8,418	£8,732	£14,865	£16,996	£18,163	£67,174
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	13%	13%	23%	26%	28%	103%