Yes, it does. Properties from different areas will yield different levels of income from rent, depending on the purchase price, so it is important to consider this when gearing an investment property. If the ungeared net yield of a property is higher than the cost of debt, the mortgage will increase the income yield of the property. Similarly, if the ungeared net yield of a property is lower than the cost of debt, the mortgage will decrease the income yield of the property. CrowdLords takes this into account when assessing gearing.