	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	£12,625	£12,694	£12,775	£12,858	£12,948	£63,900
Profit Before Tax	£2,375	£2,531	£2,831	£3,138	£3,527	£14,402
Profit After Tax	£1,924	£2,050	£2,293	£2,542	£2,857	£11,666
Change In Property Value	£2	£2	£4,600	£8,211	£10,927	£23,743
Net Return	£1,926	£2,053	£6,893	£10,753	£13,784	£35,408
Return From Rental Income (%)	3%	3%	3%	4%	4%	17%
Total Net Return (%)	3%	3%	10%	15%	20%	51%