	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£14,028	£14,238	£14,594	£14,959	£15,408	£73,228
Total Expenses	£12,528	£12,595	£12,674	£12,754	£12,842	£63,392
Profit Before Tax	£1,500	£1,643	£1,921	£2,205	£2,566	£9,836
Profit After Tax	£1,215	£1,331	£1,556	£1,786	£2,079	£7,967
Change In Property Value	£2	£2	£4,600	£8,211	£10,927	£23,743
Net Return	£1,217	£1,333	£6,156	£9,997	£13,006	£31,710
Return From Rental Income (%)	2%	2%	2%	3%	3%	11%
Total Net Return (%)	2%	2%	9%	14%	19%	45%