	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£21,600	£21,924	£22,472	£23,034	£23,725	£112,755
Total Expenses	£17,650	£17,728	£17,826	£17,926	£18,037	£89,166
Profit Before Tax	£3,951	£4,196	£4,646	£5,108	£5,687	£23,589
Profit After Tax	£3,200	£3,399	£3,764	£4,138	£4,607	£19,107
Change In Property Value	£3	£3	£6,800	£12,138	£16,153	£35,098
Net Return	£3,203	£3,402	£10,564	£16,276	£20,759	£54,205
Return From Rental Income (%)	3%	3%	4%	4%	4%	18%
Total Net Return (%)	3%	3%	10%	15%	19%	50%