	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,820	£11,997	£12,177	£12,482	£12,794	£61,270
Total Expenses	£12,030	£12,098	£12,157	£12,229	£12,303	£60,817
Profit Before Tax	£-210	£-101	£20	£253	£491	£453
Profit After Tax	£-210	£-101	£17	£205	£398	£308
Change In Property Value	£3	£5,500	£9,818	£13,064	£9,102	£37,486
Net Return	£-207	£5,400	£9,834	£13,269	£9,499	£37,794
Return From Rental Income (%)	0%	0%	0%	0%	0%	0%
Total Net Return (%)	0%	6%	12%	16%	11%	45%