	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,556	£11,729	£11,905	£12,203	£12,508	£59,902
Total Expenses	£12,004	£12,071	£12,130	£12,201	£12,274	£60,680
Profit Before Tax	£-448	£-342	£-224	£2	£234	£-779
Profit After Tax	£-448	£-342	£-224	£2	£234	£-779
Change In Property Value	£3	£5,500	£9,818	£13,064	£9,102	£37,486
Net Return	£-445	£5,158	£9,593	£13,066	£9,335	£36,708
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	6%	11%	15%	11%	43%