The formula for the net income model is represented as which of the following?

The correct formula for the net income model is represented as MV = NOI / OAR. This formula signifies that the market value (MV) of a property is determined by dividing the net operating income (NOI) by the overall capitalization rate (OAR).

In this context, the net operating income reflects the income generated by the property after all operating expenses are deducted, while the overall capitalization rate represents the rate of return on an investment property. By restructuring this relationship, it becomes clear that as the NOI increases, the market value of the property should also increase, assuming the OAR remains constant. This model is essential in real estate appraisal and investment analysis, as it helps assess the value of an income-producing property based on its income-generating potential.

The other formulas do not accurately represent the net income model in terms of the relationship between market value, net operating income, and capitalization rate. Each utilizes different components of income assessment but does not reflect the essential calculation of value based on income and cap rates as B does.