Enter the total monthly rent ($) and the number of tenants into the calculator to determine the 3 Times Rent (Required Gross Income Per Tenant).

3 Times Rent (Required Tenant Gross income) Formula

The following formula is used to calculate the 3 Times Rent (Required Tenant Gross income). 

TGRI  = MR * 3 / T
  • Where TGRI is the 3 Times Rent (Required Gross Income Per Tenant) ($)
  • MR is the total monthly rent ($) 
  • T is the number of tenants 

To calculate the required income per tenant, multiply the monthly rent by 3, then divide by the number of tenants.

How to Calculate 3 Times Rent (Required Gross Income Per Tenant)?

The following example problems outline how to calculate 3x Rent (Required Gross Income Per Tenant).

Example Problem #1:

  1. First, determine the total monthly rent ($). In this example, the total monthly rent ($) is given as 4000.
  2. Next, determine the number of tenants. For this problem, the number of tenants is given as 2.
  3. Finally, calculate the 3 Times Rent (Required Gross Income Per Tenant) using the equation above: 

TGRI  = MR * 3 / #T

The values given above are inserted into the equation below:

TGRI  = 4000 * 3 / 2 = 6000.00 ($)

Example Problem #2: 

The variables needed for this problem are provided below:

total monthly rent ($) = 5000

number of tenants = 2

Entering these values and solving gives:

TGRI  = 5000* 3 / 2 = 7500 ($)