	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	£12,187	£12,252	£12,327	£12,403	£12,486	£61,655
Profit Before Tax	£413	£537	£782	£1,033	£1,353	£4,119
Profit After Tax	£335	£435	£633	£837	£1,096	£3,336
Change In Property Value	£2	£2	£4,500	£8,033	£10,689	£23,226
Net Return	£337	£437	£5,134	£8,869	£11,785	£26,563
Return From Rental Income (%)	0%	1%	1%	1%	2%	5%
Total Net Return (%)	0%	1%	7%	13%	17%	39%