	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,540	£12,728	£13,046	£13,372	£13,774	£65,461
Total Expenses	£11,983	£12,047	£12,122	£12,199	£12,281	£60,632
Profit Before Tax	£558	£681	£924	£1,174	£1,492	£4,829
Profit After Tax	£452	£551	£749	£951	£1,209	£3,911
Change In Property Value	£2	£2	£4,400	£7,854	£10,452	£22,710
Net Return	£454	£554	£5,149	£8,805	£11,660	£26,622
Return From Rental Income (%)	1%	1%	1%	1%	2%	6%
Total Net Return (%)	1%	1%	8%	13%	17%	40%