	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,344	£10,499	£10,762	£11,031	£11,362	£53,997
Total Expenses	£10,858	£10,885	£10,922	£10,960	£11,004	£54,629
Profit Before Tax	£-514	£-386	£-160	£71	£358	£-632
Profit After Tax	£-514	£-386	£-160	£71	£358	£-632
Change In Property Value	£5,875	£6,022	£11,110	£14,190	£16,332	£53,529
Net Return	£5,361	£5,636	£10,950	£14,261	£16,690	£52,898
Return From Rental Income (%)	-1%	-1%	0%	0%	1%	-1%
Total Net Return (%)	7%	8%	15%	20%	23%	74%