	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,360	£12,545	£12,734	£13,052	£13,378	£64,069
Total Expenses	£10,777	£10,808	£10,837	£10,880	£10,923	£54,225
Profit Before Tax	£1,583	£1,737	£1,896	£2,172	£2,455	£9,844
Profit After Tax	£1,282	£1,407	£1,536	£1,760	£1,989	£7,974
Change In Property Value	£3	£5,620	£10,032	£13,349	£9,300	£38,304
Net Return	£1,285	£7,027	£11,568	£15,109	£11,289	£46,278
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	1%	8%	13%	17%	13%	53%