	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£17,160	£17,417	£17,679	£18,121	£18,574	£88,950
Total Expenses	£16,264	£16,340	£16,407	£16,493	£16,581	£82,086
Profit Before Tax	£896	£1,077	£1,272	£1,627	£1,993	£6,865
Profit After Tax	£726	£873	£1,030	£1,318	£1,614	£5,560
Change In Property Value	£4	£7,800	£13,923	£18,528	£12,908	£53,162
Net Return	£729	£8,673	£14,953	£19,846	£14,522	£58,723
Return From Rental Income (%)	1%	1%	1%	1%	1%	4%
Total Net Return (%)	1%	7%	12%	16%	12%	47%