	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,400	£14,616	£14,835	£15,206	£15,586	£74,644
Total Expenses	£13,734	£13,806	£13,869	£13,948	£14,028	£69,386
Profit Before Tax	£666	£810	£966	£1,258	£1,558	£5,258
Profit After Tax	£539	£656	£783	£1,019	£1,262	£4,259
Change In Property Value	£3	£6,399	£11,422	£15,200	£10,589	£43,614
Net Return	£542	£7,055	£12,205	£16,219	£11,851	£47,873
Return From Rental Income (%)	1%	1%	1%	1%	1%	4%
Total Net Return (%)	1%	7%	12%	16%	12%	48%