	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,904	£12,083	£12,264	£12,570	£12,885	£61,705
Total Expenses	£11,170	£11,238	£11,297	£11,369	£11,443	£56,517
Profit Before Tax	£734	£845	£967	£1,201	£1,441	£5,189
Profit After Tax	£595	£684	£783	£973	£1,167	£4,203
Change In Property Value	£2	£4,960	£8,854	£11,782	£8,208	£33,806
Net Return	£597	£5,644	£9,637	£12,755	£9,375	£38,009
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	7%	13%	17%	12%	50%