	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,216	£12,399	£12,585	£12,900	£13,222	£63,323
Total Expenses	£10,928	£10,996	£11,055	£11,129	£11,204	£55,311
Profit Before Tax	£1,288	£1,403	£1,530	£1,771	£2,019	£8,012
Profit After Tax	£1,044	£1,137	£1,239	£1,435	£1,635	£6,489
Change In Property Value	£2,395	£7,257	£9,966	£11,660	£9,477	£40,755
Net Return	£3,439	£8,394	£11,205	£13,095	£11,112	£47,245
Return From Rental Income (%)	1%	2%	2%	2%	2%	9%
Total Net Return (%)	5%	12%	15%	18%	15%	65%