• MR is the total monthly rent ($) • #T is the number of tenants ## How to Calculate 3 Times Rent (Required Gross Income Per Tenant)? The following example problems outline how to calculate 3x Rent (Required Gross Income Per Tenant). Example Problem #1: 1. First, determine the total monthly rent ($). 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 ($) = 5000 number of tenants = 2 Entering these values and solving gives: TGRI = 5000* 3 / 2 = 7500 ($)