	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,000	£12,180	£12,363	£12,672	£12,989	£62,203
Total Expenses	£12,851	£12,919	£12,978	£13,051	£13,125	£64,924
Profit Before Tax	£-851	£-739	£-615	£-379	£-137	£-2,721
Profit After Tax	£-851	£-739	£-615	£-379	£-137	£-2,721
Change In Property Value	£3,000	£9,088	£12,482	£14,603	£11,869	£51,042
Net Return	£2,149	£8,350	£11,866	£14,224	£11,733	£48,321
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	2%	9%	13%	15%	13%	52%