	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	£11,794	£11,860	£11,918	£11,988	£12,060	£59,621
Profit Before Tax	£-730	£-630	£-520	£-305	£-85	£-2,269
Profit After Tax	£-730	£-630	£-520	£-305	£-85	£-2,269
Change In Property Value	£4,050	£9,592	£12,764	£14,820	£10,893	£52,119
Net Return	£3,320	£8,961	£12,244	£14,515	£10,808	£49,849
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	4%	11%	15%	17%	13%	60%