	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£13,500	£13,703	£14,045	£14,396	£14,828	£70,472
Total Expenses	£14,062	£14,129	£14,206	£14,285	£14,371	£71,052
Profit Before Tax	£-562	£-426	£-161	£111	£458	£-580
Profit After Tax	£-562	£-426	£-161	£111	£371	£-667
Change In Property Value	£2,700	£2,727	£8,263	£11,348	£13,277	£38,314
Net Return	£2,138	£2,301	£8,102	£11,459	£13,647	£37,647
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	3%	3%	10%	14%	16%	45%