	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,832	£15,054	£15,280	£15,662	£16,054	£76,883
Total Expenses	£14,326	£14,398	£14,462	£14,542	£14,624	£72,352
Profit Before Tax	£506	£656	£818	£1,120	£1,430	£4,530
Profit After Tax	£410	£531	£663	£907	£1,158	£3,670
Change In Property Value	£3	£6,740	£12,031	£16,010	£11,154	£45,938
Net Return	£413	£7,271	£12,694	£16,917	£12,312	£49,608
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	0%	7%	12%	16%	12%	47%