	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,400	£11,571	£11,860	£12,157	£12,521	£59,510
Total Expenses	£10,480	£10,543	£10,615	£10,688	£10,768	£53,094
Profit Before Tax	£920	£1,028	£1,245	£1,468	£1,754	£6,416
Profit After Tax	£745	£833	£1,009	£1,189	£1,421	£5,197
Change In Property Value	£2	£2	£3,700	£6,605	£8,789	£19,097
Net Return	£747	£835	£4,709	£7,794	£10,210	£24,294
Return From Rental Income (%)	1%	1%	2%	2%	3%	9%
Total Net Return (%)	1%	1%	8%	14%	18%	43%