	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,404	£10,560	£10,718	£10,986	£11,261	£53,930
Total Expenses	£11,406	£11,472	£11,528	£11,597	£11,667	£57,670
Profit Before Tax	£-1,002	£-911	£-810	£-611	£-406	£-3,740
Profit After Tax	£-1,002	£-911	£-810	£-611	£-406	£-3,740
Change In Property Value	£3,900	£9,237	£12,291	£14,271	£10,489	£50,188
Net Return	£2,898	£8,325	£11,481	£13,661	£10,083	£46,449
Return From Rental Income (%)	-1%	-1%	-1%	-1%	-1%	-5%
Total Net Return (%)	4%	10%	14%	17%	13%	58%