	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,628	£14,847	£15,070	£15,447	£15,833	£75,825
Total Expenses	£13,920	£13,992	£14,055	£14,134	£14,216	£70,316
Profit Before Tax	£708	£856	£1,015	£1,312	£1,617	£5,509
Profit After Tax	£574	£693	£822	£1,063	£1,310	£4,462
Change In Property Value	£3	£6,500	£11,603	£15,440	£10,756	£44,302
Net Return	£577	£7,193	£12,425	£16,503	£12,066	£48,765
Return From Rental Income (%)	1%	1%	1%	1%	1%	4%
Total Net Return (%)	1%	7%	12%	16%	12%	48%