	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,700	£11,875	£12,172	£12,477	£12,851	£61,076
Total Expenses	£10,312	£10,375	£10,448	£10,522	£10,602	£52,258
Profit Before Tax	£1,389	£1,500	£1,725	£1,955	£2,249	£8,817
Profit After Tax	£1,125	£1,215	£1,397	£1,583	£1,822	£7,142
Change In Property Value	£5,400	£5,562	£10,503	£12,088	£12,813	£46,366
Net Return	£6,525	£6,777	£11,900	£13,671	£14,635	£53,508
Return From Rental Income (%)	2%	2%	3%	3%	3%	13%
Total Net Return (%)	12%	12%	22%	25%	27%	97%