	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£17,220	£17,478	£17,915	£18,363	£18,914	£89,891
Total Expenses	£14,236	£14,308	£14,394	£14,483	£14,581	£72,002
Profit Before Tax	£2,984	£3,171	£3,521	£3,880	£4,333	£17,889
Profit After Tax	£2,417	£2,568	£2,852	£3,143	£3,510	£14,490
Change In Property Value	£3	£3	£5,300	£9,461	£12,589	£27,356
Net Return	£2,420	£2,571	£8,152	£12,604	£16,099	£41,846
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	3%	3%	10%	16%	20%	52%