	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,116	£10,268	£10,422	£10,682	£10,949	£52,437
Total Expenses	£10,410	£10,475	£10,532	£10,600	£10,669	£52,686
Profit Before Tax	£-294	£-208	£-110	£83	£280	£-249
Profit After Tax	£-294	£-208	£-110	£83	£227	£-302
Change In Property Value	£2	£4,599	£8,209	£10,924	£7,611	£31,345
Net Return	£-292	£4,391	£8,099	£11,007	£7,838	£31,043
Return From Rental Income (%)	0%	0%	0%	0%	0%	0%
Total Net Return (%)	0%	6%	12%	16%	11%	44%