	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,036	£15,262	£15,490	£15,878	£16,275	£77,940
Total Expenses	£13,800	£13,872	£13,936	£14,017	£14,099	£69,723
Profit Before Tax	£1,236	£1,389	£1,554	£1,861	£2,176	£8,217
Profit After Tax	£1,001	£1,125	£1,259	£1,508	£1,762	£6,656
Change In Property Value	£3	£6,400	£11,424	£15,202	£10,591	£43,620
Net Return	£1,005	£7,525	£12,683	£16,710	£12,353	£50,276
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	7%	13%	17%	12%	50%