	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,204	£12,387	£12,697	£13,014	£13,405	£63,707
Total Expenses	£11,155	£11,220	£11,294	£11,369	£11,451	£56,489
Profit Before Tax	£1,049	£1,167	£1,403	£1,645	£1,954	£7,218
Profit After Tax	£849	£946	£1,137	£1,332	£1,582	£5,846
Change In Property Value	£4,000	£4,080	£8,323	£10,820	£11,361	£38,585
Net Return	£4,849	£5,026	£9,460	£12,153	£12,944	£44,431
Return From Rental Income (%)	1%	2%	2%	2%	3%	10%
Total Net Return (%)	8%	8%	16%	20%	21%	73%