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

## 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 (\$)