	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,752	£10,913	£11,077	£11,354	£11,638	£55,734
Total Expenses	£11,119	£11,185	£11,242	£11,312	£11,383	£56,241
Profit Before Tax	£-367	£-272	£-165	£42	£255	£-508
Profit After Tax	£-367	£-272	£-165	£42	£206	£-556
Change In Property Value	£3	£5,000	£8,925	£11,877	£8,274	£34,079
Net Return	£-364	£4,728	£8,760	£11,919	£8,480	£33,523
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	6%	12%	16%	11%	44%