	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,700	£14,920	£15,144	£15,523	£15,911	£76,199
Total Expenses	£13,123	£13,195	£13,258	£13,338	£13,419	£66,332
Profit Before Tax	£1,578	£1,726	£1,886	£2,185	£2,492	£9,867
Profit After Tax	£1,278	£1,398	£1,528	£1,770	£2,018	£7,992
Change In Property Value	£3	£6,000	£10,710	£14,252	£9,929	£40,894
Net Return	£1,281	£7,398	£12,238	£16,022	£11,947	£48,887
Return From Rental Income (%)	1%	1%	2%	2%	2%	9%
Total Net Return (%)	1%	8%	13%	17%	13%	52%