	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,000	£12,180	£12,484	£12,797	£13,181	£62,642
Total Expenses	£13,119	£13,183	£13,256	£13,331	£13,412	£66,301
Profit Before Tax	£-1,119	£-1,003	£-772	£-535	£-232	£-3,660
Profit After Tax	£-1,119	£-1,003	£-772	£-535	£-232	£-3,660
Change In Property Value	£5,000	£5,100	£10,404	£13,525	£14,201	£48,231
Net Return	£3,881	£4,097	£9,632	£12,991	£13,970	£44,571
Return From Rental Income (%)	-1%	-1%	-1%	-1%	0%	-5%
Total Net Return (%)	5%	5%	13%	17%	18%	59%