	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,216	£12,399	£12,585	£12,900	£13,222	£63,323
Total Expenses	£10,783	£10,851	£10,911	£10,984	£11,059	£54,587
Profit Before Tax	£1,433	£1,548	£1,675	£1,916	£2,164	£8,735
Profit After Tax	£1,161	£1,254	£1,356	£1,552	£1,752	£7,076
Change In Property Value	£2	£4,700	£8,390	£11,164	£7,778	£32,034
Net Return	£1,163	£5,954	£9,746	£12,716	£9,530	£39,110
Return From Rental Income (%)	2%	2%	2%	2%	2%	10%
Total Net Return (%)	2%	8%	14%	18%	13%	55%