	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	£13,091	£13,162	£13,225	£13,304	£13,385	£66,168
Profit Before Tax	£1,309	£1,454	£1,610	£1,902	£2,201	£8,476
Profit After Tax	£1,060	£1,177	£1,304	£1,540	£1,783	£6,865
Change In Property Value	£3	£5,999	£10,708	£14,250	£9,927	£40,887
Net Return	£1,063	£7,176	£12,012	£15,790	£11,710	£47,753
Return From Rental Income (%)	1%	1%	1%	2%	2%	7%
Total Net Return (%)	1%	8%	13%	17%	13%	51%