	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,068	£10,269	£10,526	£10,789	£11,059	£52,712
Total Expenses	£10,545	£10,611	£10,680	£10,750	£10,820	£53,406
Profit Before Tax	£-477	£-342	£-154	£39	£239	£-694
Profit After Tax	£-477	£-342	£-154	£39	£221	£-712
Change In Property Value	£5,700	£5,871	£10,079	£12,699	£13,461	£47,809
Net Return	£5,223	£5,529	£9,925	£12,738	£13,682	£47,097
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	8%	9%	15%	20%	21%	73%