	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£10,920	£11,084	£11,361	£11,645	£11,994	£57,004
Total Expenses	£11,424	£11,486	£11,557	£11,629	£11,707	£57,802
Profit Before Tax	£-504	£-402	£-196	£16	£288	£-799
Profit After Tax	£-504	£-402	£-196	£16	£288	£-799
Change In Property Value	£2,100	£2,121	£6,427	£8,826	£10,326	£29,800
Net Return	£1,596	£1,719	£6,231	£8,842	£10,614	£29,001
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	2%	3%	10%	14%	17%	45%