	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,736	£14,957	£15,181	£15,561	£15,950	£76,385
Total Expenses	£14,252	£14,324	£14,388	£14,468	£14,549	£71,981
Profit Before Tax	£484	£633	£794	£1,093	£1,401	£4,404
Profit After Tax	£392	£512	£643	£886	£1,135	£3,568
Change In Property Value	£3	£6,700	£11,960	£15,915	£11,087	£45,665
Net Return	£395	£7,213	£12,602	£16,800	£12,222	£49,233
Return From Rental Income (%)	0%	0%	1%	1%	1%	3%
Total Net Return (%)	0%	7%	12%	16%	12%	47%