	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,296	£10,450	£10,607	£10,872	£11,144	£53,370
Total Expenses	£10,912	£10,978	£11,035	£11,103	£11,173	£55,201
Profit Before Tax	£-616	£-527	£-427	£-231	£-29	£-1,831
Profit After Tax	£-616	£-527	£-427	£-231	£-29	£-1,831
Change In Property Value	£3,675	£8,704	£11,582	£13,448	£9,884	£47,293
Net Return	£3,059	£8,176	£11,155	£13,217	£9,856	£45,462
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-2%
Total Net Return (%)	4%	11%	15%	18%	13%	61%