	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£27,000	£27,405	£28,090	£28,792	£29,656	£140,944
Total Expenses	£28,505	£28,592	£28,703	£28,817	£28,946	£143,563
Profit Before Tax	£-1,505	£-1,187	£-613	£-25	£710	£-2,619
Profit After Tax	£-1,505	£-1,187	£-613	£-25	£710	£-2,619
Change In Property Value	£12,000	£12,240	£24,970	£32,460	£34,084	£115,754
Net Return	£10,495	£11,054	£24,357	£32,436	£34,794	£113,135
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	5%	6%	12%	16%	18%	57%