	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,300	£12,485	£12,672	£12,989	£13,313	£63,758
Total Expenses	£11,383	£11,413	£11,442	£11,485	£11,528	£57,251
Profit Before Tax	£918	£1,071	£1,229	£1,504	£1,786	£6,507
Profit After Tax	£743	£868	£996	£1,218	£1,446	£5,271
Change In Property Value	£3	£6,000	£10,710	£14,252	£9,929	£40,894
Net Return	£746	£6,868	£11,706	£15,470	£11,375	£46,165
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	7%	13%	17%	12%	49%