	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,080	£10,231	£10,385	£10,644	£10,910	£52,251
Total Expenses	£10,730	£10,795	£10,851	£10,919	£10,989	£54,284
Profit Before Tax	£-650	£-564	£-467	£-275	£-78	£-2,034
Profit After Tax	£-650	£-564	£-467	£-275	£-78	£-2,034
Change In Property Value	£3,600	£8,526	£11,346	£13,174	£9,683	£46,328
Net Return	£2,950	£7,962	£10,879	£12,899	£9,604	£44,294
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	4%	11%	15%	18%	13%	61%