	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,552	£12,740	£13,059	£13,385	£13,787	£65,523
Total Expenses	£12,182	£12,247	£12,322	£12,398	£12,481	£61,630
Profit Before Tax	£370	£493	£737	£987	£1,306	£3,893
Profit After Tax	£300	£400	£597	£799	£1,058	£3,153
Change In Property Value	£4,500	£4,590	£9,364	£12,173	£12,781	£43,408
Net Return	£4,800	£4,990	£9,961	£12,972	£13,839	£46,561
Return From Rental Income (%)	0%	1%	1%	1%	2%	5%
Total Net Return (%)	7%	7%	15%	19%	20%	68%