	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,200	£13,398	£13,733	£14,076	£14,499	£68,906
Total Expenses	£12,505	£12,571	£12,647	£12,725	£12,810	£63,258
Profit Before Tax	£695	£827	£1,086	£1,351	£1,688	£5,648
Profit After Tax	£563	£670	£880	£1,094	£1,368	£4,575
Change In Property Value	£2	£2	£4,630	£8,265	£10,998	£23,897
Net Return	£565	£673	£5,510	£9,359	£12,366	£28,472
Return From Rental Income (%)	1%	1%	1%	2%	2%	6%
Total Net Return (%)	1%	1%	8%	13%	18%	40%