	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,920	£11,084	£11,250	£11,531	£11,820	£56,605
Total Expenses	£11,456	£11,522	£11,580	£11,650	£11,721	£57,929
Profit Before Tax	£-536	£-438	£-330	£-119	£98	£-1,324
Profit After Tax	£-536	£-438	£-330	£-119	£98	£-1,324
Change In Property Value	£3	£5,199	£9,280	£12,349	£8,603	£35,435
Net Return	£-533	£4,761	£8,950	£12,231	£8,702	£34,110
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-2%
Total Net Return (%)	-1%	6%	11%	15%	11%	43%