	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,000	£9,135	£9,363	£9,597	£9,885	£46,981
Total Expenses	£9,335	£9,360	£9,394	£9,428	£9,467	£46,984
Profit Before Tax	£-335	£-225	£-30	£170	£418	£-3
Profit After Tax	£-335	£-225	£-30	£137	£339	£-114
Change In Property Value	£5,000	£5,125	£9,456	£12,077	£13,899	£45,557
Net Return	£4,665	£4,900	£9,425	£12,214	£14,238	£45,443
Return From Rental Income (%)	-1%	0%	0%	0%	1%	0%
Total Net Return (%)	8%	8%	15%	20%	23%	74%