	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,600	£15,834	£16,230	£16,636	£17,135	£81,434
Total Expenses	£13,963	£13,997	£14,048	£14,099	£14,160	£70,267
Profit Before Tax	£1,638	£1,837	£2,182	£2,536	£2,975	£11,167
Profit After Tax	£1,326	£1,488	£1,768	£2,054	£2,410	£9,046
Change In Property Value	£6,000	£6,120	£12,485	£16,230	£17,042	£57,877
Net Return	£7,326	£7,608	£14,252	£18,285	£19,451	£66,922
Return From Rental Income (%)	1%	2%	2%	2%	3%	10%
Total Net Return (%)	8%	8%	15%	20%	21%	72%