	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,432	£9,573	£9,717	£9,960	£10,209	£48,892
Total Expenses	£10,343	£10,408	£10,463	£10,529	£10,597	£52,340
Profit Before Tax	£-911	£-834	£-746	£-569	£-388	£-3,448
Profit After Tax	£-911	£-834	£-746	£-569	£-388	£-3,448
Change In Property Value	£3,450	£8,171	£10,873	£12,625	£9,279	£44,398
Net Return	£2,539	£7,337	£10,127	£12,056	£8,892	£40,949
Return From Rental Income (%)	-1%	-1%	-1%	-1%	-1%	-5%
Total Net Return (%)	4%	10%	14%	17%	13%	58%