	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,160	£14,372	£14,588	£14,953	£15,327	£73,400
Total Expenses	£12,908	£12,979	£13,041	£13,120	£13,200	£65,247
Profit Before Tax	£1,252	£1,394	£1,547	£1,833	£2,127	£8,152
Profit After Tax	£1,014	£1,129	£1,253	£1,485	£1,723	£6,603
Change In Property Value	£3	£5,900	£10,532	£14,015	£9,763	£40,213
Net Return	£1,017	£7,029	£11,784	£15,499	£11,486	£46,816
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	8%	13%	17%	13%	51%