{"id":716,"date":"2026-08-07T01:30:24","date_gmt":"2026-08-07T05:30:24","guid":{"rendered":"https:\/\/arvcalc.com\/blog\/noi-calculator-how-to-calculate-net-operating-income-2026\/"},"modified":"2026-08-07T06:42:23","modified_gmt":"2026-08-07T10:42:23","slug":"noi-calculator-how-to-use","status":"publish","type":"post","link":"https:\/\/arvcalc.com\/blog\/noi-calculator-how-to-use\/","title":{"rendered":"NOI Calculator: How to Calculate Net Operating Income (2026)"},"content":{"rendered":"<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is an NOI calculator used for?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"An NOI calculator computes Net Operating Income by subtracting vacancy loss and operating expenses from gross rental income. Investors use it to determine a property's earning power, calculate cap rate, qualify for DSCR loans, and benchmark performance against comparable properties.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is the NOI formula?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"NOI = Gross Scheduled Income \u2212 Vacancy Loss \u2212 Operating Expenses. Operating expenses include property taxes, insurance, repairs, maintenance, property management, utilities, and reserves. Mortgage payments, depreciation, and income taxes are NOT included.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Does NOI include mortgage payments?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"No. NOI is calculated before debt service. Mortgage principal and interest payments are excluded from the NOI calculation. That is what distinguishes NOI from cash flow \u2014 cash flow subtracts the mortgage payment from NOI.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is a good NOI margin for a rental property?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"A good NOI margin (NOI \u00f7 Gross Income) varies by property type: single-family rentals typically run 45\u201355%, small multifamily 50\u201360%, and commercial properties 60\u201370%. Lower margins signal high expense ratios that deserve scrutiny.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How do lenders use NOI?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Lenders divide NOI by the annual debt service (mortgage payments) to get the Debt Service Coverage Ratio (DSCR). Most commercial lenders require a DSCR of at least 1.25, meaning NOI must be 25% higher than annual mortgage payments.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Can NOI be negative?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Yes. If operating expenses exceed effective gross income, NOI is negative. This typically signals a distressed property, excessive vacancies, or an unrealistic asking price. A property with negative NOI cannot support any debt service.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How is NOI used to value a property?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Property Value = NOI \u00f7 Cap Rate. If a property produces $60,000 NOI and the local market cap rate is 6%, the implied value is $1,000,000. This income-approach valuation method is the standard for commercial and multifamily real estate.\"\n      }\n    }\n  ]\n}\n<\/script><\/p>\n<div class=\"quick-answer-box\" style=\"background:#f0f7ff;border-left:4px solid #1a73e8;padding:20px 24px;margin:0 0 32px;border-radius:4px;\">\n  <strong style=\"display:block;font-size:1.05em;margin-bottom:8px;\">Quick Answer: What Does the NOI Calculator Do?<\/strong><\/p>\n<p style=\"margin:0 0 8px;\">NOI = Gross Scheduled Income &minus; Vacancy Loss &minus; Operating Expenses<\/p>\n<p style=\"margin:0;\">Enter your rental income and expenses and the <a href=\"\/noi-calculator\">NOI calculator<\/a> instantly returns Net Operating Income, expense ratio, and implied property value at your target cap rate. Three calculation modes let you find NOI, reverse-engineer required income, or pinpoint maximum allowable expenses.<\/p>\n<\/div>\n<p>Every serious real estate investor eventually opens an <a href=\"\/noi-calculator\">NOI calculator<\/a> \u2014 and for good reason. Net Operating Income is the single number that drives cap rate valuations, DSCR loan approvals, and property-level performance benchmarks. Before a lender underwrites your deal, before an appraiser assigns value, before a buyer makes an offer, they calculate NOI. Understanding how that number is built \u2014 and how to use a calculator to stress-test it \u2014 is one of the highest-leverage skills in real estate analysis.<\/p>\n<p>This guide walks through the NOI formula in detail, shows you how to use all three modes of our calculator, and works through two complete examples \u2014 a 12-unit apartment and a single-family rental \u2014 so you can see exactly how the math plays out in practice.<\/p>\n<h2>\n<figure style=\"margin:24px 0;\"><img decoding=\"async\" src=\"https:\/\/arvcalc.com\/blog\/wp-content\/uploads\/2026\/08\/noi-formula-diagram-1.jpg\" alt=\"NOI formula diagram\" style=\"width:100%;max-width:900px;border-radius:12px;\" \/><figcaption style=\"text-align:center;font-size:13px;color:#6b7280;\">NOI = Gross Income \u2212 Vacancy \u2212 Operating Expenses<\/figcaption><\/figure>\n<p>The NOI Formula: What Goes In, What Stays Out<\/h2>\n<p>Net Operating Income has a deceptively simple formula. Getting the inputs right, however, is where most investors stumble. According to the <a href=\"https:\/\/www.nar.realtor\/commercial-real-estate\" target=\"_blank\" rel=\"noopener noreferrer\">National Association of Realtors<\/a>, misclassified expenses are among the most common errors in income property analysis.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Three-Step_Formula\"><\/span>The Three-Step Formula<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<pre style=\"background:#f5f5f5;padding:16px;border-radius:4px;overflow-x:auto;font-size:0.95em;\">\nGross Scheduled Income (GSI)\n  \u2212 Vacancy &amp; Credit Loss\n= Effective Gross Income (EGI)\n  \u2212 Operating Expenses\n= Net Operating Income (NOI)\n<\/pre>\n<p><strong>Gross Scheduled Income<\/strong> is what the property would earn at 100% occupancy at market rents. For a 12-unit building where all units rent at $1,200\/month, GSI is $172,800\/year.<\/p>\n<p><strong>Vacancy and credit loss<\/strong> accounts for units sitting empty between tenants and tenants who don&#8217;t pay. The <a href=\"https:\/\/fred.stlouisfed.org\/series\/RRVRUSQ156N\" target=\"_blank\" rel=\"noopener noreferrer\">Federal Reserve&#8217;s rental vacancy data (FRED)<\/a> shows national rates typically range from 5\u20138% for multifamily. Applying 6% to $172,800 gives a vacancy deduction of $10,368, leaving an Effective Gross Income of $162,432.<\/p>\n<p><strong>Operating expenses<\/strong> are all costs required to keep the property running. These include:<\/p>\n<ul>\n<li>Property taxes<\/li>\n<li>Insurance premiums<\/li>\n<li>Property management fees (typically 8\u201312% of collected rent)<\/li>\n<li>Repairs and maintenance<\/li>\n<li>Utilities paid by the landlord<\/li>\n<li>Landscaping and snow removal<\/li>\n<li>Capital expenditure reserves<\/li>\n<li>Pest control, trash, administrative costs<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_Is_NOT_Included_in_NOI\"><\/span>What Is NOT Included in NOI<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is where even experienced investors make errors. The following are <strong>explicitly excluded<\/strong> from NOI:<\/p>\n<ul>\n<li><strong>Mortgage payments<\/strong> \u2014 neither principal nor interest. NOI is pre-debt.<\/li>\n<li><strong>Depreciation<\/strong> \u2014 a non-cash accounting deduction per <a href=\"https:\/\/www.irs.gov\/publications\/p946\" target=\"_blank\" rel=\"noopener noreferrer\">IRS Publication 946<\/a>, not an operating expense.<\/li>\n<li><strong>Income taxes<\/strong> \u2014 owner-level tax obligations are not property expenses.<\/li>\n<li><strong>Capital improvements<\/strong> \u2014 roof replacements, renovations that add value are capitalized, not expensed.<\/li>\n<li><strong>Loan origination fees or points<\/strong> \u2014 financing costs, not operations.<\/li>\n<\/ul>\n<p>The <a href=\"\/blog\/net-operating-income-guide\/\">complete guide to net operating income<\/a> goes deeper on the accounting classification rules that determine which costs qualify as operating expenses.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Use_the_NOI_Calculator_Three_Calculation_Modes\"><\/span>How to Use the NOI Calculator: Three Calculation Modes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Our <a href=\"\/noi-calculator\">NOI calculator<\/a> is built around three distinct modes, each designed for a different analytical question. Here is how each one works.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mode_1_Find_NOI_Standard_Mode\"><\/span>Mode 1: Find NOI (Standard Mode)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is the most common use case. You know your income and expenses; you want the NOI.<\/p>\n<ol>\n<li><strong>Enter Gross Scheduled Income.<\/strong> Input total potential rent at 100% occupancy, annualized. Include all rent income \u2014 base rent plus any ancillary income like parking, laundry, or storage fees.<\/li>\n<li><strong>Enter your vacancy rate.<\/strong> Use your actual trailing 12-month vacancy if you own the property. For acquisitions, use market data or budget conservatively at 7\u201310%.<\/li>\n<li><strong>Enter each operating expense.<\/strong> The calculator accepts individual line items for taxes, insurance, management, repairs, utilities, and reserves. You can also enter a lump sum if you are working from a broker&#8217;s pro forma.<\/li>\n<li><strong>Review results.<\/strong> The calculator returns NOI, your expense ratio (total expenses \u00f7 EGI), and the implied property value if you input a target cap rate.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Mode_2_Find_Required_Income\"><\/span>Mode 2: Find Required Income<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You have a target NOI \u2014 perhaps driven by the DSCR requirement on your loan \u2014 and need to know what gross income the property must generate to hit it. Enter your expenses and your target NOI, and the calculator solves backward for the required Gross Scheduled Income and the implied occupancy needed to achieve it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Mode_3_Find_Maximum_Expenses\"><\/span>Mode 3: Find Maximum Expenses<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You are buying at a fixed price, you know the cap rate in the market, and therefore you know what NOI the deal requires. Enter your income and your required NOI, and the calculator tells you the maximum operating expense budget you cannot exceed. This mode is particularly useful for evaluating value-add properties where you need to know how much renovation cost the numbers can absorb.<\/p>\n<p>For deals where you are simultaneously calculating DSCR, open the <a href=\"\/dscr-calculator\">DSCR calculator<\/a> alongside the NOI results \u2014 it accepts NOI directly so you do not have to retype anything.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Worked_Example_1_12-Unit_Apartment_Building\"><\/span>Worked Example 1: 12-Unit Apartment Building<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Meet Sarah, a multifamily investor evaluating a 12-unit apartment in Austin, Texas. The listing shows a cap rate of 6.2% and asks $1.85 million. Before she trusts those numbers, she builds her own NOI analysis using the <a href=\"\/noi-calculator\">NOI calculator<\/a>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_1_Gross_Scheduled_Income\"><\/span>Step 1: Gross Scheduled Income<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"width:100%;border-collapse:collapse;margin:16px 0;\">\n<thead>\n<tr style=\"background:#f5f5f5;\">\n<th style=\"text-align:left;padding:10px 12px;border:1px solid #ddd;\">Unit Mix<\/th>\n<th style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">Count<\/th>\n<th style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">Monthly Rent<\/th>\n<th style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">Annual Income<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">1-Bedroom<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">8<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$1,100<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$105,600<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">2-Bedroom<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">4<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$1,450<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$69,600<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Laundry income<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">\u2014<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">\u2014<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$2,400<\/td>\n<\/tr>\n<tr style=\"background:#f0f7ff;font-weight:bold;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Gross Scheduled Income<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\"><\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\"><\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$177,600<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Note that Sarah&#8217;s GSI is slightly different from the listing&#8217;s $14,400\/month figure ($172,800) because she is also capturing the laundry income that the broker lumped elsewhere.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_2_Vacancy_and_Credit_Loss\"><\/span>Step 2: Vacancy and Credit Loss<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Austin&#8217;s Class B multifamily vacancy runs around 6% per market data from the <a href=\"https:\/\/www.fanniemae.com\/research-and-insights\/publications\/multifamily-research\" target=\"_blank\" rel=\"noopener noreferrer\">Fannie Mae Multifamily Research<\/a> team. Sarah applies 6%:<\/p>\n<p>$177,600 &times; 6% = $10,656 vacancy loss<br \/>\n<strong>Effective Gross Income = $177,600 &minus; $10,656 = $166,944<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Step_3_Operating_Expenses\"><\/span>Step 3: Operating Expenses<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"width:100%;border-collapse:collapse;margin:16px 0;\">\n<thead>\n<tr style=\"background:#f5f5f5;\">\n<th style=\"text-align:left;padding:10px 12px;border:1px solid #ddd;\">Expense<\/th>\n<th style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">Annual Amount<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Property taxes<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$18,200<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Insurance<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$6,400<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Property management (9%)<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$15,025<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Repairs and maintenance<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$8,800<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Common area utilities<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$3,600<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Landscaping<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$2,400<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Capital reserves ($500\/unit)<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$6,000<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Administrative \/ legal<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$1,800<\/td>\n<\/tr>\n<tr style=\"background:#f0f7ff;font-weight:bold;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Total Operating Expenses<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$62,225<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Step_4_NOI_Result\"><\/span>Step 4: NOI Result<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>NOI = $166,944 &minus; $62,225 = $104,719<\/strong><\/p>\n<p>Expense ratio: $62,225 &divide; $166,944 = <strong>37.3%<\/strong> (well within normal range for multifamily).<\/p>\n<p>Now Sarah checks the broker&#8217;s claimed cap rate. At $1,850,000:<\/p>\n<p>Implied Cap Rate = $104,719 &divide; $1,850,000 = <strong>5.66%<\/strong><\/p>\n<p>The broker claimed 6.2%. The difference? The broker used a lower expense figure and did not include reserves. Sarah&#8217;s analysis reveals the deal is priced about 8% higher than the advertised cap rate implies. She uses the <a href=\"\/states\/texas\/cap-rate-calculator\">Texas cap rate calculator<\/a> to verify local market benchmarks before making her offer. For deals in other Sun Belt markets she also keeps the <a href=\"\/states\/florida\/cap-rate-calculator\">Florida cap rate calculator<\/a> bookmarked for comparisons.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Worked_Example_2_Single-Family_Rental\"><\/span>Worked Example 2: Single-Family Rental<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Marcus owns a single-family rental in suburban Phoenix. The home rents for $2,200\/month ($26,400\/year). He is refinancing and needs to calculate NOI for the lender&#8217;s DSCR underwriting.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Income\"><\/span>Income<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Gross Scheduled Income: $26,400<br \/>\nVacancy (8%): &minus;$2,112<br \/>\n<strong>Effective Gross Income: $24,288<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Expenses\"><\/span>Expenses<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"width:100%;border-collapse:collapse;margin:16px 0;\">\n<thead>\n<tr style=\"background:#f5f5f5;\">\n<th style=\"text-align:left;padding:10px 12px;border:1px solid #ddd;\">Expense<\/th>\n<th style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">Annual Amount<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Property taxes<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$3,200<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Insurance<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$1,400<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Property management (10%)<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$2,429<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Repairs and maintenance<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$1,800<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Capital reserves<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$1,500<\/td>\n<\/tr>\n<tr style=\"background:#f0f7ff;font-weight:bold;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Total Operating Expenses<\/td>\n<td style=\"text-align:right;padding:10px 12px;border:1px solid #ddd;\">$10,329<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<figure style=\"margin:24px 0;\"><img decoding=\"async\" src=\"https:\/\/arvcalc.com\/blog\/wp-content\/uploads\/2026\/08\/noi-12unit-example.jpg\" alt=\"12-unit apartment NOI calculator example\" style=\"width:100%;max-width:900px;border-radius:12px;\" \/><figcaption style=\"text-align:center;font-size:13px;color:#6b7280;\">12-unit apartment: NOI $104,719, cap rate 6.2%, expense ratio 37%<\/figcaption><\/figure>\n<p><strong>NOI = $24,288 &minus; $10,329 = $13,959<\/strong><\/p>\n<p>Expense ratio: $10,329 &divide; $24,288 = <strong>42.5%<\/strong><\/p>\n<p>Marcus&#8217;s lender requires a 1.25 DSCR. Annual debt service on his proposed refinance is $10,800. DSCR = $13,959 &divide; $10,800 = <strong>1.29<\/strong> \u2014 he qualifies. The <a href=\"\/rental-property-calculator\">rental property calculator<\/a> confirmed these numbers aligned with his overall cash-on-cash return target.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_a_Good_NOI_Margin_Benchmarks_by_Property_Type\"><\/span>What Is a Good NOI? Margin Benchmarks by Property Type<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NOI by itself is a dollar figure. To evaluate whether that NOI is healthy, calculate the <strong>NOI margin<\/strong>: NOI divided by Effective Gross Income. Here are typical ranges:<\/p>\n<table style=\"width:100%;border-collapse:collapse;margin:16px 0;\">\n<thead>\n<tr style=\"background:#f5f5f5;\">\n<th style=\"text-align:left;padding:10px 12px;border:1px solid #ddd;\">Property Type<\/th>\n<th style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Typical NOI Margin<\/th>\n<th style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Expense Ratio<\/th>\n<th style=\"text-align:left;padding:10px 12px;border:1px solid #ddd;\">Notes<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Single-Family Rental<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">45\u201355%<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">45\u201355%<\/td>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Higher maintenance per unit, lower management scale<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Small Multifamily (2\u20134 units)<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">48\u201358%<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">42\u201352%<\/td>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Economy of scale begins here<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Mid-Size Multifamily (5\u201350 units)<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">50\u201360%<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">40\u201350%<\/td>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Professional management typically 8\u201310%<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Large Multifamily (50+ units)<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">55\u201365%<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">35\u201345%<\/td>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Scale advantages in management and maintenance<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Retail \/ Strip Mall<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">60\u201372%<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">28\u201340%<\/td>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">NNN leases shift expenses to tenants<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Office<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">55\u201368%<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">32\u201345%<\/td>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Vacancy risk varies significantly post-2020<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A margin dramatically below these ranges \u2014 say, 30% on a multifamily \u2014 signals either inflated expenses, deferred maintenance reserves being ignored, or a seller&#8217;s pro forma that overstates income. See the <a href=\"\/blog\/how-to-increase-noi-rental-property\/\">guide to increasing NOI on rental properties<\/a> for specific strategies to close the gap.<\/p>\n<h2>\n<figure style=\"margin:24px 0;\"><img decoding=\"async\" src=\"https:\/\/arvcalc.com\/blog\/wp-content\/uploads\/2026\/08\/noi-vs-cash-flow-comparison.jpg\" alt=\"NOI vs cash flow comparison\" style=\"width:100%;max-width:900px;border-radius:12px;\" \/><figcaption style=\"text-align:center;font-size:13px;color:#6b7280;\">NOI excludes mortgage; cash flow includes it \u2014 different metrics for different audiences<\/figcaption><\/figure>\n<p>NOI vs. Cash Flow: The Critical Difference<\/h2>\n<p>New investors frequently confuse NOI and cash flow. They are related, but different metrics that answer different questions. The confusion is covered in depth in the <a href=\"\/blog\/noi-vs-cash-flow-difference\/\">NOI vs cash flow comparison<\/a>, but here is the condensed version:<\/p>\n<table style=\"width:100%;border-collapse:collapse;margin:16px 0;\">\n<thead>\n<tr style=\"background:#f5f5f5;\">\n<th style=\"text-align:left;padding:10px 12px;border:1px solid #ddd;\">Factor<\/th>\n<th style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">NOI<\/th>\n<th style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Cash Flow<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Mortgage principal<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Excluded<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Deducted<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Mortgage interest<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Excluded<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Deducted<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Operating expenses<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Deducted<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Deducted<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Depreciation<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Excluded<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Excluded<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Income taxes<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Excluded<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Excluded<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Purpose<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Property value, cap rate, DSCR<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Investor return, equity build<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Affected by financing?<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">No<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">Yes<\/td>\n<\/tr>\n<tr style=\"background:#fafafa;\">\n<td style=\"padding:10px 12px;border:1px solid #ddd;\">Formula<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">EGI &minus; Operating Expenses<\/td>\n<td style=\"text-align:center;padding:10px 12px;border:1px solid #ddd;\">NOI &minus; Debt Service<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>NOI is a property-level metric. Cash flow is an investor-level metric. Two investors can buy the same property, produce identical NOI, and have completely different cash flows \u2014 because one paid all cash and one used 75% leverage. The <a href=\"\/blog\/calculate-rental-property-cash-flow-guide\/\">rental property cash flow calculation guide<\/a> explains how to bridge from NOI to net cash flow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_NOI_Connects_to_Cap_Rate_and_DSCR\"><\/span>How NOI Connects to Cap Rate and DSCR<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NOI is the engine that drives two of the most important metrics in commercial real estate underwriting.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"NOI_and_Cap_Rate\"><\/span>NOI and Cap Rate<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Cap Rate = NOI &divide; Property Value<\/p>\n<p>Rearranged to solve for value: Property Value = NOI &divide; Cap Rate<\/p>\n<p>If your property produces $85,000 NOI and you are in a market where comparable assets trade at a 5.5% cap rate, the implied value is $85,000 &divide; 0.055 = <strong>$1,545,455<\/strong>. This is the income approach to valuation, and it is the primary method used for multifamily and commercial assets. Use the <a href=\"\/cap-rate-calculator\">cap rate calculator<\/a> to work both sides of this equation.<\/p>\n<p>When evaluating deals in specific markets, local cap rate data matters enormously. A 6% cap rate in Miami means something very different than 6% in rural Ohio. The state-level tools \u2014 like the <a href=\"\/states\/texas\/cap-rate-calculator\">Texas cap rate calculator<\/a> and <a href=\"\/states\/florida\/cap-rate-calculator\">Florida cap rate calculator<\/a> \u2014 incorporate regional market data to put your numbers in context.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"NOI_and_DSCR\"><\/span>NOI and DSCR<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>DSCR = NOI &divide; Annual Debt Service<\/p>\n<p>Lenders set a minimum DSCR \u2014 most commercial lenders require 1.20 to 1.30, per standard Fannie Mae multifamily guidelines. A DSCR of 1.25 means the property generates 25% more NOI than required to make the mortgage payments. If your DSCR falls below the threshold, the loan does not get approved \u2014 regardless of your personal income or credit score.<\/p>\n<p>Example: A property with $90,000 NOI and annual debt service of $72,000 has a DSCR of 1.25 \u2014 right at the typical threshold. Plug these numbers into the <a href=\"\/dscr-calculator\">DSCR calculator<\/a> to model how rate changes or loan amount adjustments affect your coverage ratio.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_NOI_Mistakes_That_Distort_Your_Analysis\"><\/span>5 NOI Mistakes That Distort Your Analysis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Using an <a href=\"\/noi-calculator\">NOI calculator<\/a> only produces accurate results when the inputs are honest. These five errors are the ones that most frequently cause investors to overpay or misunderstand a deal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Skipping_Management_Fees_When_Self-Managing\"><\/span>1. Skipping Management Fees When Self-Managing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you manage the property yourself today, that saves cash \u2014 but it does not change what the property is worth. Any buyer who purchases from you will pay a property manager. Your NOI analysis must include a market-rate management fee (typically 8\u201312% of collected rent) even if you personally are not paying it. Leaving this out inflates NOI and leads to overpaying.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Forgetting_Capital_Reserves\"><\/span>2. Forgetting Capital Reserves<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Reserves for capital expenditures \u2014 HVAC replacement, roof, appliances, plumbing \u2014 are real operating costs. They do not appear on a monthly bank statement, but they will appear eventually. Standard practice is to reserve $500\u2013$1,500 per unit per year for multifamily, or 5\u201310% of rental income for SFR. Brokers routinely exclude reserves from pro formas to make NOI look higher.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Using_Gross_Income_Instead_of_Effective_Gross_Income\"><\/span>3. Using Gross Income Instead of Effective Gross Income<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Running your expense calculations against GSI \u2014 before vacancy \u2014 overstates the base and understates your expense ratio. Always deduct vacancy first to reach EGI, then calculate expense percentages. A management fee of &#8220;10% of rents collected&#8221; should be applied to EGI, not GSI.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Accepting_the_Sellers_Expense_Numbers_at_Face_Value\"><\/span>4. Accepting the Seller&#8217;s Expense Numbers at Face Value<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Seller-provided operating statements have a structural incentive to understate expenses. Always request Schedule E tax returns for the trailing two years and reconcile them against the pro forma. Discrepancies between what the seller reports to the IRS and what appears on the marketing pro forma are revealing. Read more about this and other due diligence tactics in the <a href=\"\/blog\/net-operating-income-guide\/\">net operating income guide<\/a>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Including_One-Time_Items_in_Recurring_NOI\"><\/span>5. Including One-Time Items in Recurring NOI<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A year with unusually low maintenance costs \u2014 maybe the seller deferred every non-emergency repair before listing \u2014 will make NOI look better than it really is. Similarly, a one-time insurance payout or legal settlement can inflate income. Stabilized, recurring NOI is what you are buying. Strip out non-recurring items before running your analysis in the <a href=\"\/noi-calculator\">NOI calculator<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div itemscope itemtype=\"https:\/\/schema.org\/FAQPage\">\n<div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" style=\"margin-bottom:24px;\">\n<h3 itemprop=\"name\" style=\"font-size:1.05em;margin-bottom:8px;\"><span class=\"ez-toc-section\" id=\"What_is_an_NOI_calculator_used_for\"><\/span>What is an NOI calculator used for?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\">\n<div itemprop=\"text\">\n<p>An NOI calculator computes Net Operating Income by subtracting vacancy loss and operating expenses from gross rental income. Investors use it to determine a property&#8217;s earning power, calculate cap rate, qualify for DSCR loans, and benchmark performance against comparable properties.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" style=\"margin-bottom:24px;\">\n<h3 itemprop=\"name\" style=\"font-size:1.05em;margin-bottom:8px;\"><span class=\"ez-toc-section\" id=\"What_is_the_NOI_formula\"><\/span>What is the NOI formula?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\">\n<div itemprop=\"text\">\n<p>NOI = Gross Scheduled Income &minus; Vacancy Loss &minus; Operating Expenses. Operating expenses include property taxes, insurance, repairs, maintenance, property management, utilities, and reserves. Mortgage payments, depreciation, and income taxes are NOT included.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" style=\"margin-bottom:24px;\">\n<h3 itemprop=\"name\" style=\"font-size:1.05em;margin-bottom:8px;\"><span class=\"ez-toc-section\" id=\"Does_NOI_include_mortgage_payments\"><\/span>Does NOI include mortgage payments?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\">\n<div itemprop=\"text\">\n<p>No. NOI is calculated before debt service. Mortgage principal and interest payments are excluded from the NOI calculation. That is what distinguishes NOI from cash flow \u2014 cash flow subtracts the mortgage payment from NOI.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" style=\"margin-bottom:24px;\">\n<h3 itemprop=\"name\" style=\"font-size:1.05em;margin-bottom:8px;\"><span class=\"ez-toc-section\" id=\"What_is_a_good_NOI_margin_for_a_rental_property\"><\/span>What is a good NOI margin for a rental property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\">\n<div itemprop=\"text\">\n<p>A good NOI margin (NOI &divide; Gross Income) varies by property type: single-family rentals typically run 45\u201355%, small multifamily 50\u201360%, and commercial properties 60\u201370%. Lower margins signal high expense ratios that deserve scrutiny.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" style=\"margin-bottom:24px;\">\n<h3 itemprop=\"name\" style=\"font-size:1.05em;margin-bottom:8px;\"><span class=\"ez-toc-section\" id=\"How_do_lenders_use_NOI\"><\/span>How do lenders use NOI?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\">\n<div itemprop=\"text\">\n<p>Lenders divide NOI by the annual debt service (mortgage payments) to get the Debt Service Coverage Ratio (DSCR). Most commercial lenders require a DSCR of at least 1.25, meaning NOI must be 25% higher than annual mortgage payments. Use the <a href=\"\/dscr-calculator\">DSCR calculator<\/a> to check your coverage before applying.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" style=\"margin-bottom:24px;\">\n<h3 itemprop=\"name\" style=\"font-size:1.05em;margin-bottom:8px;\"><span class=\"ez-toc-section\" id=\"Can_NOI_be_negative\"><\/span>Can NOI be negative?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\">\n<div itemprop=\"text\">\n<p>Yes. If operating expenses exceed effective gross income, NOI is negative. This typically signals a distressed property, excessive vacancies, or an unrealistic asking price. A property with negative NOI cannot support any debt service and usually requires significant repositioning before financing is possible.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" style=\"margin-bottom:24px;\">\n<h3 itemprop=\"name\" style=\"font-size:1.05em;margin-bottom:8px;\"><span class=\"ez-toc-section\" id=\"How_is_NOI_used_to_value_a_property\"><\/span>How is NOI used to value a property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\">\n<div itemprop=\"text\">\n<p>Property Value = NOI &divide; Cap Rate. If a property produces $60,000 NOI and the local market cap rate is 6%, the implied value is $1,000,000. This income-approach valuation method is the standard for commercial and multifamily real estate. Use the <a href=\"\/cap-rate-calculator\">cap rate calculator<\/a> to run both directions of this equation.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Related_Calculators_and_Tools\"><\/span>Related Calculators and Tools<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NOI analysis rarely happens in isolation. These tools work alongside the <a href=\"\/noi-calculator\">NOI calculator<\/a> to give a complete picture of any rental property deal:<\/p>\n<ul>\n<li><a href=\"\/noi-calculator\"><strong>NOI Calculator<\/strong><\/a> \u2014 Calculate net operating income, expense ratio, and implied property value in three modes.<\/li>\n<li><a href=\"\/cap-rate-calculator\"><strong>Cap Rate Calculator<\/strong><\/a> \u2014 Convert NOI into a cap rate or use a cap rate to back into implied property value.<\/li>\n<li><a href=\"\/dscr-calculator\"><strong>DSCR Calculator<\/strong><\/a> \u2014 Divide NOI by annual debt service to check loan qualification.<\/li>\n<li><a href=\"\/rental-property-calculator\"><strong>Rental Property Calculator<\/strong><\/a> \u2014 Full investment analysis including cash flow, cash-on-cash return, and equity build.<\/li>\n<li><a href=\"\/states\/texas\/cap-rate-calculator\"><strong>Texas Cap Rate Calculator<\/strong><\/a> \u2014 Market-contextualized cap rate analysis for Texas markets.<\/li>\n<li><a href=\"\/states\/florida\/cap-rate-calculator\"><strong>Florida Cap Rate Calculator<\/strong><\/a> \u2014 Cap rate benchmarks for Florida real estate markets.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Quick Answer: What Does the NOI Calculator Do? NOI = Gross Scheduled Income &minus; Vacancy Loss &minus; Operating Expenses Enter your rental income and expenses and the NOI calculator instantly&#8230;<\/p>\n","protected":false},"author":0,"featured_media":723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guides"],"_links":{"self":[{"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/posts\/716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/comments?post=716"}],"version-history":[{"count":2,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/posts\/716\/revisions"}],"predecessor-version":[{"id":722,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/posts\/716\/revisions\/722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/media\/723"}],"wp:attachment":[{"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/media?parent=716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/categories?post=716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arvcalc.com\/blog\/wp-json\/wp\/v2\/tags?post=716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}