How to Calculate Debt to Income Ratio with Rental Property

[Alex Scotte]

I have a rental property which nets only $200/month when factoring loan and property taxes. How would I calculate my debt to income ratio?

Option A

DTI = (Mortgage + Car Loan) / (Wages from Job + $200 from Rental)

Option B

DTI = (Mortgage + Car Loan + Rental Property Loan) / (Wages from Job + Rental Property Income)