	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,560	£7,673	£7,865	£8,062	£8,304	£39,464
Total Expenses	£6,017	£6,040	£6,070	£6,100	£6,135	£30,362
Profit Before Tax	£1,543	£1,634	£1,795	£1,961	£2,168	£9,102
Profit After Tax	£1,250	£1,323	£1,454	£1,589	£1,756	£7,373
Change In Property Value	£4,200	£4,347	£7,070	£8,137	£8,625	£32,379
Net Return	£5,450	£5,670	£8,524	£9,726	£10,382	£39,752
Return From Rental Income (%)	3%	4%	4%	4%	5%	20%
Total Net Return (%)	15%	15%	23%	26%	28%	107%