	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,240	£12,424	£12,610	£12,925	£13,248	£63,447
Total Expenses	£10,946	£11,014	£11,074	£11,147	£11,222	£55,404
Profit Before Tax	£1,294	£1,409	£1,536	£1,778	£2,026	£8,043
Profit After Tax	£1,048	£1,141	£1,244	£1,440	£1,641	£6,515
Change In Property Value	£2	£4,800	£8,568	£11,402	£7,943	£32,715
Net Return	£1,051	£5,942	£9,812	£12,842	£9,584	£39,230
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	1%	8%	13%	18%	13%	54%