	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	£9,151	£9,215	£9,289	£9,364	£9,445	£46,464
Profit Before Tax	£2,849	£2,965	£3,196	£3,433	£3,736	£16,178
Profit After Tax	£2,307	£2,401	£2,589	£2,781	£3,026	£13,104
Change In Property Value	£4,500	£4,635	£8,752	£10,073	£10,678	£38,638
Net Return	£6,807	£7,036	£11,341	£12,854	£13,704	£51,742
Return From Rental Income (%)	5%	5%	6%	6%	7%	28%
Total Net Return (%)	15%	15%	25%	28%	30%	112%