	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,760	£11,936	£12,115	£12,418	£12,729	£60,959
Total Expenses	£12,185	£12,253	£12,312	£12,384	£12,457	£61,590
Profit Before Tax	£-425	£-316	£-196	£35	£271	£-631
Profit After Tax	£-425	£-316	£-196	£35	£271	£-631
Change In Property Value	£4,200	£9,947	£13,237	£15,369	£11,296	£54,049
Net Return	£3,775	£9,631	£13,041	£15,404	£11,568	£53,418
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	4%	11%	15%	18%	13%	62%