	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,876	£13,069	£13,265	£13,597	£13,937	£66,744
Total Expenses	£12,297	£12,366	£12,427	£12,502	£12,578	£62,169
Profit Before Tax	£579	£703	£839	£1,095	£1,359	£4,575
Profit After Tax	£469	£570	£679	£887	£1,100	£3,706
Change In Property Value	£3	£5,600	£9,996	£13,302	£9,267	£38,168
Net Return	£472	£6,170	£10,675	£14,189	£10,367	£41,874
Return From Rental Income (%)	1%	1%	1%	1%	1%	4%
Total Net Return (%)	1%	7%	12%	16%	12%	48%