	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	£11,587	£11,655	£11,715	£11,788	£11,863	£58,609
Profit Before Tax	£629	£744	£870	£1,112	£1,359	£4,714
Profit After Tax	£509	£602	£705	£900	£1,101	£3,818
Change In Property Value	£3	£5,200	£9,282	£12,352	£8,605	£35,442
Net Return	£512	£5,803	£9,987	£13,252	£9,706	£39,260
Return From Rental Income (%)	1%	1%	1%	1%	1%	5%
Total Net Return (%)	1%	7%	13%	17%	12%	49%