	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,000	£9,135	£9,272	£9,504	£9,741	£46,652
Total Expenses	£10,139	£10,203	£10,258	£10,323	£10,389	£51,311
Profit Before Tax	£-1,139	£-1,068	£-986	£-819	£-648	£-4,659
Profit After Tax	£-1,139	£-1,068	£-986	£-819	£-648	£-4,659
Change In Property Value	£2	£4,500	£8,033	£10,689	£7,447	£30,671
Net Return	£-1,137	£3,432	£7,047	£9,870	£6,799	£26,012
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-7%
Total Net Return (%)	-2%	5%	10%	14%	10%	38%