	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,396	£15,627	£16,018	£16,418	£16,911	£80,369
Total Expenses	£12,950	£12,985	£13,035	£13,086	£13,146	£65,201
Profit Before Tax	£2,446	£2,642	£2,983	£3,332	£3,765	£15,168
Profit After Tax	£1,981	£2,140	£2,416	£2,699	£3,050	£12,286
Change In Property Value	£9,625	£9,962	£16,202	£18,647	£19,766	£74,203
Net Return	£11,606	£12,102	£18,618	£21,347	£22,816	£86,489
Return From Rental Income (%)	2%	3%	3%	3%	4%	14%
Total Net Return (%)	14%	14%	22%	25%	27%	102%