	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,300	£9,439	£9,581	£9,821	£10,066	£48,207
Total Expenses	£10,411	£10,475	£10,530	£10,596	£10,663	£52,673
Profit Before Tax	£-1,111	£-1,035	£-949	£-775	£-597	£-4,466
Profit After Tax	£-1,111	£-1,035	£-949	£-775	£-597	£-4,466
Change In Property Value	£2,325	£7,045	£9,675	£11,320	£9,200	£39,564
Net Return	£1,214	£6,010	£8,726	£10,545	£8,604	£35,098
Return From Rental Income (%)	-2%	-1%	-1%	-1%	-1%	-6%
Total Net Return (%)	2%	8%	12%	15%	12%	50%