	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,820	£8,952	£9,087	£9,314	£9,547	£45,719
Total Expenses	£9,188	£9,252	£9,306	£9,371	£9,436	£46,553
Profit Before Tax	£-368	£-299	£-219	£-57	£110	£-834
Profit After Tax	£-368	£-299	£-219	£-57	£110	£-834
Change In Property Value	£2	£3,920	£6,997	£9,311	£6,487	£26,718
Net Return	£-366	£3,621	£6,778	£9,255	£6,597	£25,884
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	-1%	6%	11%	15%	11%	43%