	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,556	£11,729	£11,905	£12,203	£12,508	£59,902
Total Expenses	£12,004	£12,071	£12,130	£12,201	£12,274	£60,680
Profit Before Tax	£-448	£-342	£-224	£2	£234	£-779
Profit After Tax	£-448	£-342	£-224	£2	£234	£-779
Change In Property Value	£4,125	£9,769	£13,000	£15,095	£11,095	£53,084
Net Return	£3,677	£9,428	£12,776	£15,096	£11,328	£52,305
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	4%	11%	15%	18%	13%	62%