	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,400	£8,526	£8,654	£8,870	£9,092	£43,542
Total Expenses	£9,275	£9,338	£9,391	£9,455	£9,520	£46,979
Profit Before Tax	£-875	£-812	£-737	£-585	£-428	£-3,436
Profit After Tax	£-875	£-812	£-737	£-585	£-428	£-3,436
Change In Property Value	£3,000	£7,105	£9,455	£10,978	£8,069	£38,607
Net Return	£2,125	£6,293	£8,717	£10,393	£7,641	£35,170
Return From Rental Income (%)	-1%	-1%	-1%	-1%	-1%	-6%
Total Net Return (%)	3%	10%	14%	17%	13%	58%