	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,500	£10,657	£10,817	£11,088	£11,365	£54,428
Total Expenses	£11,092	£11,158	£11,215	£11,284	£11,354	£56,103
Profit Before Tax	£-592	£-500	£-398	£-196	£11	£-1,675
Profit After Tax	£-592	£-500	£-398	£-196	£11	£-1,675
Change In Property Value	£2	£4,999	£8,923	£11,874	£8,272	£34,072
Net Return	£-590	£4,499	£8,526	£11,678	£8,283	£32,397
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-2%
Total Net Return (%)	-1%	6%	11%	15%	11%	43%