	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,012	£12,192	£12,375	£12,684	£13,002	£62,265
Total Expenses	£12,403	£12,471	£12,531	£12,603	£12,678	£62,686
Profit Before Tax	£-391	£-279	£-155	£81	£324	£-421
Profit After Tax	£-391	£-279	£-155	£81	£262	£-482
Change In Property Value	£3	£5,720	£10,210	£13,587	£9,466	£38,986
Net Return	£-388	£5,441	£10,055	£13,668	£9,728	£38,503
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	6%	11%	15%	11%	43%