	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,596	£10,755	£11,024	£11,299	£11,638	£55,313
Total Expenses	£10,993	£11,055	£11,124	£11,196	£11,272	£55,640
Profit Before Tax	£-397	£-300	£-101	£104	£366	£-327
Profit After Tax	£-397	£-300	£-101	£104	£297	£-397
Change In Property Value	£2	£2	£3,999	£7,138	£9,499	£20,641
Net Return	£-395	£-298	£3,899	£7,242	£9,796	£20,244
Return From Rental Income (%)	-1%	0%	0%	0%	0%	-1%
Total Net Return (%)	-1%	0%	6%	12%	16%	33%