	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,800	£10,962	£11,126	£11,405	£11,690	£55,983
Total Expenses	£11,767	£11,833	£11,891	£11,961	£12,032	£59,484
Profit Before Tax	£-967	£-871	£-764	£-556	£-342	£-3,501
Profit After Tax	£-967	£-871	£-764	£-556	£-342	£-3,501
Change In Property Value	£4,050	£9,592	£12,764	£14,820	£10,893	£52,119
Net Return	£3,083	£8,720	£11,999	£14,264	£10,551	£48,618
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	4%	11%	14%	17%	13%	59%