Tom is retired. He receives retirement income each month in the amount of $2500 as well as Social Security income in the amount of $1200. Tom owns 4 rental properties that he receives $1680 in rental income each month on each rental property. Tom has mortgage payments in the amount of $3200. His wife drives a Lexus with a $540 car payment and he drives a Buick with a $395 car payment. What is Frenchy's debt to income ratio?
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Home » Business » Tom is retired. He receives retirement income each month in the amount of $2500 as well as Social Security income in the amount of $1200. Tom owns 4 rental properties that he receives $1680 in rental income each month on each rental property.