Enter your monthly income, monthly rent, and credit score into the calculator to determine your Saferent Score. This score helps landlords evaluate the risk of renting to a potential tenant.
Saferent Score Formula
The following formula is used to calculate the Saferent Score.
SS = (I / R) * (CS / 100)
Variables:
- SS is the Saferent Score
- I is the monthly income ($)
- R is the monthly rent ($)
- CS is the credit score (typically ranging from 300 to 850)
To calculate the Saferent Score, divide the monthly income by the monthly rent and then multiply the result by the credit score divided by 100.
What is a Saferent Score?
A Saferent Score is a metric used by landlords and property managers to assess the risk associated with renting a property to a potential tenant. It takes into account the tenant’s ability to pay rent based on their income, as well as their creditworthiness reflected by their credit score. A higher Saferent Score indicates a lower risk for the landlord.
How to Calculate Saferent Score?
The following steps outline how to calculate the Saferent Score.
- First, determine the monthly income (I).
- Next, determine the monthly rent (R).
- Next, determine the credit score (CS).
- Use the formula SS = (I / R) * (CS / 100) to calculate the Saferent Score (SS).
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
Monthly Income (I) = $4,500
Monthly Rent (R) = $1,000
Credit Score (CS) = 750
