	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,480	£12,667	£12,857	£13,179	£13,508	£64,691
Total Expenses	£10,970	£11,039	£11,099	£11,173	£11,248	£55,528
Profit Before Tax	£1,510	£1,628	£1,758	£2,006	£2,260	£9,163
Profit After Tax	£1,223	£1,319	£1,424	£1,625	£1,830	£7,422
Change In Property Value	£2	£4,800	£8,568	£11,402	£7,943	£32,715
Net Return	£1,226	£6,119	£9,992	£13,026	£9,774	£40,137
Return From Rental Income (%)	2%	2%	2%	2%	3%	10%
Total Net Return (%)	2%	8%	14%	18%	13%	55%