	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,500	£13,703	£13,908	£14,256	£14,612	£69,978
Total Expenses	£12,214	£12,284	£12,346	£12,423	£12,501	£61,768
Profit Before Tax	£1,286	£1,418	£1,562	£1,833	£2,111	£8,210
Profit After Tax	£1,041	£1,149	£1,265	£1,485	£1,710	£6,650
Change In Property Value	£3	£5,510	£9,835	£13,088	£9,118	£37,555
Net Return	£1,044	£6,659	£11,101	£14,573	£10,828	£44,205
Return From Rental Income (%)	1%	1%	1%	2%	2%	8%
Total Net Return (%)	1%	8%	13%	17%	13%	52%