	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£12,996	£13,191	£13,521	£13,859	£14,274	£67,841
Total Expenses	£13,615	£13,681	£13,757	£13,834	£13,918	£68,805
Profit Before Tax	£-619	£-490	£-236	£25	£356	£-964
Profit After Tax	£-619	£-490	£-236	£25	£356	£-964
Change In Property Value	£6,500	£6,663	£12,292	£15,700	£18,069	£59,224
Net Return	£5,881	£6,173	£12,056	£15,725	£18,425	£58,260
Return From Rental Income (%)	-1%	-1%	0%	0%	0%	-1%
Total Net Return (%)	7%	8%	15%	20%	23%	73%