	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£15,000	£15,225	£15,453	£15,840	£16,236	£77,754
Total Expenses	£15,566	£15,638	£15,702	£15,782	£15,865	£78,553
Profit Before Tax	£-566	£-413	£-249	£57	£371	£-799
Profit After Tax	£-566	£-413	£-249	£57	£371	£-799
Change In Property Value	£4	£7,500	£13,388	£17,815	£12,411	£51,118
Net Return	£-562	£7,087	£13,139	£17,872	£12,782	£50,319
Return From Rental Income (%)	0%	0%	0%	0%	0%	-1%
Total Net Return (%)	0%	6%	11%	15%	11%	42%