	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,952	£15,176	£15,404	£15,789	£16,184	£77,505
Total Expenses	£13,952	£14,025	£14,088	£14,169	£14,251	£70,484
Profit Before Tax	£1,000	£1,152	£1,316	£1,620	£1,933	£7,021
Profit After Tax	£810	£933	£1,066	£1,313	£1,566	£5,687
Change In Property Value	£3	£6,500	£11,603	£15,440	£10,756	£44,302
Net Return	£813	£7,433	£12,668	£16,752	£12,322	£49,989
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	7%	12%	16%	12%	49%