	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,704	£10,865	£11,028	£11,303	£11,586	£55,485
Total Expenses	£11,267	£11,333	£11,390	£11,460	£11,531	£56,981
Profit Before Tax	£-563	£-468	£-363	£-157	£55	£-1,496
Profit After Tax	£-563	£-468	£-363	£-157	£55	£-1,496
Change In Property Value	£3,821	£9,050	£12,043	£13,983	£10,278	£49,175
Net Return	£3,258	£8,582	£11,680	£13,827	£10,333	£47,679
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	4%	11%	15%	18%	13%	61%