	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£7,200	£7,308	£7,491	£7,678	£7,908	£37,585
Total Expenses	£7,568	£7,590	£7,619	£7,649	£7,683	£38,109
Profit Before Tax	£-368	£-282	£-129	£29	£226	£-524
Profit After Tax	£-368	£-282	£-129	£29	£226	£-524
Change In Property Value	£4,800	£4,944	£9,336	£10,745	£11,389	£41,214
Net Return	£4,432	£4,662	£9,207	£10,774	£11,615	£40,690
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	9%	10%	19%	22%	24%	83%