	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,000	£9,135	£9,272	£9,504	£9,741	£46,652
Total Expenses	£9,335	£9,399	£9,453	£9,518	£9,585	£47,290
Profit Before Tax	£-335	£-264	£-181	£-14	£157	£-637
Profit After Tax	£-335	£-264	£-181	£-14	£157	£-637
Change In Property Value	£2	£4,000	£7,140	£9,501	£6,619	£27,263
Net Return	£-333	£3,737	£6,959	£9,487	£6,776	£26,626
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	6%	11%	16%	11%	44%