	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	£11,435	£11,504	£11,585	£11,667	£11,758	£57,948
Profit Before Tax	£3,565	£3,721	£4,021	£4,328	£4,718	£20,354
Profit After Tax	£2,888	£3,014	£3,257	£3,506	£3,821	£16,486
Change In Property Value	£6,000	£6,180	£11,670	£13,431	£14,237	£51,518
Net Return	£8,888	£9,194	£14,927	£16,937	£18,058	£68,004
Return From Rental Income (%)	5%	5%	5%	6%	6%	27%
Total Net Return (%)	15%	15%	24%	28%	30%	111%