	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,340	£11,510	£11,683	£11,975	£12,274	£58,782
Total Expenses	£11,821	£11,888	£11,947	£12,018	£12,090	£59,764
Profit Before Tax	£-481	£-378	£-264	£-43	£184	£-982
Profit After Tax	£-481	£-378	£-264	£-43	£184	£-982
Change In Property Value	£3	£5,400	£9,639	£12,827	£8,936	£36,805
Net Return	£-479	£5,022	£9,375	£12,784	£9,120	£35,823
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	6%	11%	15%	11%	43%