	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,400	£14,616	£14,835	£15,206	£15,586	£74,644
Total Expenses	£13,093	£13,164	£13,227	£13,306	£13,387	£66,176
Profit Before Tax	£1,308	£1,452	£1,608	£1,900	£2,200	£8,467
Profit After Tax	£1,059	£1,176	£1,303	£1,539	£1,782	£6,859
Change In Property Value	£3	£6,000	£10,710	£14,252	£9,929	£40,894
Net Return	£1,062	£7,176	£12,013	£15,791	£11,711	£47,753
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	8%	13%	17%	13%	51%