	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,264	£15,493	£15,725	£16,118	£16,521	£79,122
Total Expenses	£14,691	£14,764	£14,828	£14,909	£14,992	£74,185
Profit Before Tax	£573	£729	£897	£1,209	£1,529	£4,937
Profit After Tax	£464	£590	£727	£979	£1,239	£3,999
Change In Property Value	£3	£6,940	£12,388	£16,485	£11,484	£47,301
Net Return	£467	£7,531	£13,115	£17,464	£12,723	£51,300
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	7%	12%	16%	12%	47%