	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,320	£10,475	£10,632	£10,898	£11,170	£53,495
Total Expenses	£10,754	£10,819	£10,876	£10,945	£11,014	£54,409
Profit Before Tax	£-434	£-345	£-244	£-47	£156	£-914
Profit After Tax	£-434	£-345	£-244	£-47	£156	£-914
Change In Property Value	£3,600	£8,526	£11,346	£13,174	£9,683	£46,328
Net Return	£3,166	£8,181	£11,101	£13,127	£9,838	£45,414
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	4%	11%	15%	18%	13%	62%