	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,920	£11,084	£11,250	£11,531	£11,820	£56,605
Total Expenses	£11,458	£11,524	£11,582	£11,651	£11,723	£57,937
Profit Before Tax	£-538	£-440	£-331	£-120	£97	£-1,333
Profit After Tax	£-538	£-440	£-331	£-120	£97	£-1,333
Change In Property Value	£3	£5,200	£9,282	£12,352	£8,605	£35,442
Net Return	£-535	£4,760	£8,951	£12,232	£8,702	£34,109
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	6%	11%	15%	11%	43%