	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,396	£12,582	£12,896	£13,219	£13,615	£64,709
Total Expenses	£11,571	£11,636	£11,710	£11,786	£11,869	£58,573
Profit Before Tax	£825	£946	£1,186	£1,432	£1,747	£6,136
Profit After Tax	£668	£766	£961	£1,160	£1,415	£4,970
Change In Property Value	£2	£2	£4,200	£7,497	£9,977	£21,678
Net Return	£670	£768	£5,161	£8,657	£11,391	£26,648
Return From Rental Income (%)	1%	1%	2%	2%	2%	8%
Total Net Return (%)	1%	1%	8%	14%	18%	42%