	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,304	£14,519	£14,736	£15,105	£15,482	£74,146
Total Expenses	£13,887	£13,959	£14,022	£14,100	£14,181	£70,148
Profit Before Tax	£417	£560	£715	£1,005	£1,302	£3,998
Profit After Tax	£338	£453	£579	£814	£1,054	£3,238
Change In Property Value	£3	£6,500	£11,603	£15,440	£10,756	£44,302
Net Return	£341	£6,954	£12,182	£16,253	£11,811	£47,540
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	0%	7%	12%	16%	12%	46%