	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,668	£13,873	£14,081	£14,433	£14,794	£70,849
Total Expenses	£13,142	£13,212	£13,274	£13,351	£13,430	£66,408
Profit Before Tax	£526	£661	£807	£1,082	£1,364	£4,441
Profit After Tax	£426	£535	£654	£877	£1,105	£3,597
Change In Property Value	£3	£6,076	£10,846	£14,433	£10,055	£41,412
Net Return	£429	£6,611	£11,500	£15,309	£11,160	£45,010
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	7%	12%	16%	12%	47%