	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,000	£15,225	£15,606	£15,996	£16,476	£78,302
Total Expenses	£12,824	£12,892	£12,973	£13,056	£13,147	£64,892
Profit Before Tax	£2,176	£2,333	£2,632	£2,940	£3,329	£13,410
Profit After Tax	£1,763	£1,890	£2,132	£2,381	£2,696	£10,862
Change In Property Value	£7,050	£7,262	£13,712	£15,781	£16,728	£60,533
Net Return	£8,813	£9,151	£15,844	£18,163	£19,425	£71,396
Return From Rental Income (%)	2%	3%	3%	3%	4%	15%
Total Net Return (%)	12%	13%	22%	25%	27%	100%