Tenant Score Card Ratio Cheat Sheet

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Tenant Score Card Ratio Cheat Sheet
Income Criteria
4.
How much monthly income should they make compared to their monthly rent?
Ratio Cheat Sheet
(circle the option you want)
FAIL
APPOVE
a.
Their monthly income should equal at least 1 and a half times their rent
a. 1.49:1
1.5:1
(example: rent = $800, their monthly income must be = $1,200)
b.
Their monthly income should equal at least 2 times their rent
b. 1.99:1
2:1
(example: rent = $800, their monthly income must be = $1,600)
c.
Their monthly income should equal at least 3 times their rent
c. 2.99:1
3:1
(example: rent = $800, their monthly income must be = $2,400)
d.
Their monthly income should equal at least 4 times their rent
d. 3.99:1
4:1
(example: rent = $800, their monthly income must be = $3,200)
Debt Criteria
Ratio Cheat Sheet
5.
How much income should they have compared to their debt?
(circle the option you want)
FAIL
APPOVE
a. 1.49:1
1.5:1
a.
Their monthly income should be at least one and a half times as much
as their debt.
(example: debt = $1,000 and income = $2,000 is OK)
(example: debt = $1,500 and income = $2,000 is unacceptable)
b. 1.99:1
2:1
b.
Their monthly income should be at least 2 times as much as their debt.
(example: debt = $500 and income = $2,000 is OK)
(example: debt = $1,000 and income = $2,000 is Unacceptable)
c. 2.99:1
3:1
c.
Their monthly income should be at least 3 times as much as their debt.
(example: debt = $500 and income = $2,000 is OK)
(example: debt = $700 and income = $2,000 is Unacceptable)
Debt Criteria Including Rent
)
6.
How much monthly income should they have compared to debt plus rent?
Ratio Cheat Sheet
(circle the option you want)
FAIL
APPOVE
a.
Their monthly income should be as much as their debt plus rent.
a. 0.99:1
1:1
(example: debt = $1,200 and rent = $900 and income = $2,000 is Unacceptable)
b.
Their monthly income should be at least one and a half times more than their
b. 1.49:1
1.5:1
debt plus rent.
(example: debt = $600 and rent = $800 and income = $2,000 is Unacceptable)
c.
Their monthly income should be at least 2 times more than their debt plus rent.
c. 1.99:1
2:1
(example: debt = $250 and rent = $800 and income = $2,000 is unacceptable)

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