	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,180	£15,408	£15,639	£16,030	£16,431	£78,687
Total Expenses	£14,618	£14,691	£14,755	£14,836	£14,919	£73,820
Profit Before Tax	£562	£717	£884	£1,194	£1,512	£4,867
Profit After Tax	£455	£580	£716	£967	£1,224	£3,942
Change In Property Value	£3	£6,900	£12,317	£16,390	£11,418	£47,028
Net Return	£458	£7,480	£13,032	£17,357	£12,643	£50,971
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	7%	12%	16%	12%	47%