	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,600	£12,789	£13,109	£13,436	£13,840	£65,774
Total Expenses	£11,989	£12,053	£12,128	£12,205	£12,288	£60,663
Profit Before Tax	£612	£736	£980	£1,231	£1,552	£5,111
Profit After Tax	£495	£596	£794	£997	£1,257	£4,140
Change In Property Value	£2	£2	£4,400	£7,854	£10,452	£22,710
Net Return	£498	£598	£5,194	£8,852	£11,708	£26,850
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	1%	8%	13%	17%	40%