	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,520	£14,738	£14,959	£15,333	£15,716	£75,266
Total Expenses	£14,070	£14,142	£14,205	£14,284	£14,365	£71,065
Profit Before Tax	£450	£596	£754	£1,049	£1,351	£4,201
Profit After Tax	£365	£483	£611	£850	£1,095	£3,403
Change In Property Value	£3	£6,600	£11,781	£15,677	£10,922	£44,984
Net Return	£368	£7,083	£12,392	£16,527	£12,016	£48,386
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	0%	7%	12%	16%	12%	47%