	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£23,028	£23,373	£23,958	£24,557	£25,293	£120,209
Total Expenses	£22,244	£22,290	£22,359	£22,430	£22,514	£111,835
Profit Before Tax	£784	£1,084	£1,599	£2,127	£2,779	£8,374
Profit After Tax	£635	£878	£1,295	£1,723	£2,251	£6,783
Change In Property Value	£5	£5	£9,800	£17,493	£23,279	£50,582
Net Return	£640	£883	£11,095	£19,216	£25,530	£57,365
Return From Rental Income (%)	0%	1%	1%	1%	1%	4%
Total Net Return (%)	0%	1%	7%	12%	16%	36%