	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£9,000	£9,135	£9,363	£9,597	£9,885	£46,981
Total Expenses	£10,327	£10,352	£10,385	£10,420	£10,459	£51,943
Profit Before Tax	£-1,327	£-1,217	£-1,022	£-822	£-574	£-4,962
Profit After Tax	£-1,327	£-1,217	£-1,022	£-822	£-574	£-4,962
Change In Property Value	£4,500	£4,590	£9,364	£12,173	£12,781	£43,408
Net Return	£3,173	£3,373	£8,342	£11,350	£12,207	£38,445
Return From Rental Income (%)	-2%	-2%	-1%	-1%	-1%	-7%
Total Net Return (%)	5%	5%	12%	17%	18%	56%