	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,592	£11,766	£11,942	£12,241	£12,547	£60,088
Total Expenses	£12,487	£12,554	£12,613	£12,684	£12,758	£63,096
Profit Before Tax	£-895	£-788	£-670	£-444	£-211	£-3,008
Profit After Tax	£-895	£-788	£-670	£-444	£-211	£-3,008
Change In Property Value	£2,899	£8,784	£12,063	£14,114	£11,472	£49,332
Net Return	£2,004	£7,996	£11,393	£13,671	£11,261	£46,324
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	2%	9%	13%	15%	13%	51%