	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£11,496	£11,668	£11,960	£12,259	£12,627	£60,011
Total Expenses	£12,275	£12,338	£12,410	£12,484	£12,563	£62,071
Profit Before Tax	£-779	£-670	£-450	£-225	£64	£-2,060
Profit After Tax	£-779	£-670	£-450	£-225	£64	£-2,060
Change In Property Value	£5,750	£5,894	£10,874	£13,888	£15,984	£52,391
Net Return	£4,971	£5,224	£10,424	£13,664	£16,048	£50,331
Return From Rental Income (%)	-1%	-1%	-1%	0%	0%	-3%
Total Net Return (%)	7%	7%	15%	20%	23%	72%