Rent Affordability Calculator

A core tenet of Property Management is ensuring tenants can actually afford the rent without financial distress. The institutional standard is that gross monthly income must be at least 3x the monthly rent.

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Formula: Required Gross Annual Income = (Weekly Rent * 52) * 3

If rent is $500/week, annual rent is $26,000. The applicant must demonstrate a verified gross income of at least $78,000.

Input

Weekly Rent Requested ($) Applicant Verified Gross Annual Income ($)

Assessment

Required Income (3x) --

Rent to Income Ratio --

Why 3x?

After taxes, living expenses, and debt servicing (car loans, credit cards), a tenant spending more than 33% of their gross income on rent is highly vulnerable to any economic shock. Do not compromise on this metric during tenant screening.