	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,500	£13,703	£13,908	£14,256	£14,612	£69,978
Total Expenses	£13,003	£13,073	£13,134	£13,211	£13,289	£65,710
Profit Before Tax	£498	£630	£774	£1,045	£1,323	£4,269
Profit After Tax	£403	£510	£627	£846	£1,072	£3,458
Change In Property Value	£3	£6,000	£10,710	£14,252	£9,929	£40,894
Net Return	£406	£6,510	£11,337	£15,098	£11,001	£44,352
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	7%	12%	16%	12%	47%