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

- All Rent Calculators
- Income Rent Ratio Calculator
- Gross Rent Multiplier Calculator
- Landlord Rent Calculator
- Economic Rent Calculator
- CPI Rent Calculator
- Guarantor Rent Calculator

## 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:**

- First, determine the total monthly rent ($). In this example, the total monthly rent ($) is given as 4000.
- Next, determine the number of tenants. For this problem, the number of tenants is given as 2.
- 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 ($)