	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,192	£12,375	£12,561	£12,875	£13,196	£63,198
Total Expenses	£11,744	£11,812	£11,872	£11,945	£12,020	£59,393
Profit Before Tax	£448	£563	£689	£929	£1,176	£3,805
Profit After Tax	£363	£456	£558	£753	£953	£3,082
Change In Property Value	£3	£5,299	£9,459	£12,587	£8,769	£36,116
Net Return	£366	£5,755	£10,017	£13,340	£9,722	£39,199
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	7%	12%	16%	12%	48%