	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,300	£12,485	£12,672	£12,989	£13,313	£63,758
Total Expenses	£12,883	£12,951	£13,011	£13,084	£13,159	£65,088
Profit Before Tax	£-583	£-466	£-339	£-96	£154	£-1,330
Profit After Tax	£-583	£-466	£-339	£-96	£154	£-1,330
Change In Property Value	£3,000	£9,090	£12,484	£14,606	£11,871	£51,051
Net Return	£2,418	£8,624	£12,145	£14,510	£12,025	£49,721
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	3%	9%	13%	16%	13%	53%