	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	£9,488	£9,552	£9,626	£9,701	£9,782	£48,150
Profit Before Tax	£2,512	£2,628	£2,859	£3,096	£3,398	£14,492
Profit After Tax	£2,034	£2,128	£2,315	£2,507	£2,753	£11,738
Change In Property Value	£4,755	£4,898	£9,248	£10,644	£11,283	£40,828
Net Return	£6,789	£7,026	£11,564	£13,152	£14,035	£52,566
Return From Rental Income (%)	4%	4%	5%	5%	6%	24%
Total Net Return (%)	14%	14%	24%	27%	29%	108%