	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£5,316	£5,396	£5,477	£5,614	£5,754	£27,556
Total Expenses	£5,427	£5,485	£5,534	£5,590	£5,647	£27,684
Profit Before Tax	£-111	£-90	£-58	£24	£107	£-128
Profit After Tax	£-111	£-90	£-58	£19	£87	£-153
Change In Property Value	£2,250	£4,151	£5,302	£6,102	£4,312	£22,118
Net Return	£2,139	£4,062	£5,244	£6,121	£4,399	£21,965
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	8%	15%	19%	22%	16%	78%