	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,976	£12,156	£12,338	£12,646	£12,963	£62,079
Total Expenses	£12,367	£12,435	£12,495	£12,567	£12,642	£62,507
Profit Before Tax	£-391	£-280	£-157	£79	£321	£-428
Profit After Tax	£-391	£-280	£-157	£79	£260	£-489
Change In Property Value	£3	£5,700	£10,175	£13,539	£9,433	£38,850
Net Return	£-389	£5,420	£10,018	£13,619	£9,692	£38,361
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	6%	11%	15%	11%	43%