Landlord Rent Calculator

Formula

The formula to calculate the Landlord Rent (R) is:

\[ R = \text{MI} \times \text{RTI} \]

Where:

$R$ is the landlord rent ($)
$\text{MI}$ is the total monthly income ($)
$\text{RTI}$ is the rent-to-income ratio

What is Landlord Rent?

Landlord rent is the amount a landlord charges for renting out a property, calculated based on the tenant's total monthly income and a specific rent-to-income ratio (RTI). This ratio helps ensure that the rent is affordable for the tenant relative to their income.

Example Calculation

Let's assume the following values:

Total Monthly Income (MI) = $4000
Rent-to-Income Ratio (RTI) = 0.3

Using the formula to calculate the Landlord Rent:

\[ R = 4000 \times 0.3 = 1200 \]

The Landlord Rent is $1200.