	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,120	£15,347	£15,730	£16,124	£16,607	£78,928
Total Expenses	£13,034	£13,103	£13,184	£13,267	£13,358	£65,946
Profit Before Tax	£2,086	£2,244	£2,546	£2,857	£3,249	£12,982
Profit After Tax	£1,690	£1,818	£2,063	£2,314	£2,632	£10,516
Change In Property Value	£2	£2	£4,800	£8,568	£11,402	£24,775
Net Return	£1,692	£1,820	£6,863	£10,882	£14,034	£35,291
Return From Rental Income (%)	2%	2%	3%	3%	4%	14%
Total Net Return (%)	2%	2%	9%	15%	19%	48%