	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,252	£12,436	£12,622	£12,938	£13,261	£63,509
Total Expenses	£11,108	£11,176	£11,236	£11,309	£11,384	£56,215
Profit Before Tax	£1,144	£1,259	£1,386	£1,628	£1,877	£7,295
Profit After Tax	£927	£1,020	£1,123	£1,319	£1,520	£5,909
Change In Property Value	£2	£4,900	£8,747	£11,639	£8,109	£33,397
Net Return	£929	£5,920	£9,869	£12,958	£9,629	£39,306
Return From Rental Income (%)	1%	1%	2%	2%	2%	8%
Total Net Return (%)	1%	8%	13%	17%	13%	53%