	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£8,400	£8,526	£8,654	£8,870	£9,092	£43,542
Total Expenses	£9,062	£9,087	£9,110	£9,142	£9,175	£45,577
Profit Before Tax	£-662	£-561	£-456	£-272	£-83	£-2,034
Profit After Tax	£-662	£-561	£-456	£-272	£-83	£-2,034
Change In Property Value	£4,800	£9,792	£12,730	£13,366	£9,824	£50,512
Net Return	£4,138	£9,231	£12,273	£13,094	£9,741	£48,477
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	6%	13%	17%	18%	13%	66%