	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	£11,746	£11,814	£11,873	£11,947	£12,021	£59,401
Profit Before Tax	£446	£561	£687	£928	£1,175	£3,797
Profit After Tax	£362	£454	£557	£752	£952	£3,076
Change In Property Value	£3	£5,300	£9,461	£12,589	£8,771	£36,123
Net Return	£364	£5,754	£10,017	£13,341	£9,722	£39,199
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	7%	12%	16%	12%	48%