	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,600	£15,912	£16,310	£16,718	£17,135	£81,675
Total Expenses	£13,479	£13,556	£13,639	£13,723	£13,808	£68,205
Profit Before Tax	£2,121	£2,356	£2,671	£2,994	£3,328	£13,470
Profit After Tax	£1,718	£1,908	£2,164	£2,425	£2,695	£10,911
Change In Property Value	£5,000	£5,100	£10,404	£13,525	£15,622	£49,651
Net Return	£6,718	£7,008	£12,568	£15,951	£18,317	£60,562
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	5%	6%	10%	13%	15%	48%