	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,912	£13,106	£13,433	£13,769	£14,182	£67,402
Total Expenses	£14,289	£14,320	£14,363	£14,408	£14,460	£71,839
Profit Before Tax	£-1,377	£-1,214	£-930	£-639	£-277	£-4,437
Profit After Tax	£-1,377	£-1,214	£-930	£-639	£-277	£-4,437
Change In Property Value	£7,875	£8,072	£14,893	£19,021	£21,892	£71,752
Net Return	£6,498	£6,858	£13,963	£18,383	£21,614	£67,315
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-4%
Total Net Return (%)	7%	7%	14%	19%	22%	68%