	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,852	£10,000	£10,150	£10,404	£10,664	£51,069
Total Expenses	£10,192	£10,257	£10,313	£10,380	£10,449	£51,592
Profit Before Tax	£-340	£-257	£-163	£23	£215	£-523
Profit After Tax	£-340	£-257	£-163	£23	£208	£-530
Change In Property Value	£2	£4,480	£7,997	£10,642	£7,414	£30,534
Net Return	£-338	£4,223	£7,833	£10,665	£7,621	£30,004
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	6%	11%	16%	11%	44%