	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,796	£11,973	£12,153	£12,456	£12,768	£61,146
Total Expenses	£12,671	£12,739	£12,798	£12,870	£12,944	£64,022
Profit Before Tax	£-875	£-766	£-645	£-414	£-176	£-2,876
Profit After Tax	£-875	£-766	£-645	£-414	£-176	£-2,876
Change In Property Value	£4,425	£10,480	£13,946	£16,193	£11,902	£56,945
Net Return	£3,550	£9,714	£13,300	£15,779	£11,725	£54,068
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	4%	11%	14%	17%	13%	59%