	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£24,000	£24,360	£24,969	£25,593	£26,361	£125,283
Total Expenses	£19,278	£19,360	£19,464	£19,570	£19,690	£97,362
Profit Before Tax	£4,722	£5,000	£5,505	£6,023	£6,671	£27,921
Profit After Tax	£3,825	£4,050	£4,459	£4,879	£5,404	£22,616
Change In Property Value	£4	£4	£7,500	£13,388	£17,815	£38,711
Net Return	£3,828	£4,054	£11,959	£18,266	£23,219	£61,327
Return From Rental Income (%)	3%	3%	4%	4%	5%	19%
Total Net Return (%)	3%	3%	10%	15%	19%	51%