	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,064	£11,230	£11,398	£11,683	£11,975	£57,351
Total Expenses	£11,792	£11,859	£11,916	£11,987	£12,059	£59,613
Profit Before Tax	£-728	£-629	£-518	£-303	£-83	£-2,261
Profit After Tax	£-728	£-629	£-518	£-303	£-83	£-2,261
Change In Property Value	£4,049	£9,590	£12,762	£14,818	£10,891	£52,109
Net Return	£3,321	£8,961	£12,243	£14,514	£10,808	£49,848
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	4%	11%	15%	17%	13%	60%