Attempting my first deal, interest rate question

[Terry McAllister]

Hey everyone, 

I had a quick question. Long story short, I am in the process of purchasing my first single family rental house and I just went through the pre-approval process. I used a local and reputable lender, and the best interest rate they could give me was 5.2% on it because it is an investment property. Is this the going interest rate for investors starting out? 

I am a 32 year old male, great W2 job(130k annually, firefighter/paramedic), I have perfect credit, own my primary residence and have plenty of money in the bank. The house I am attempting to purchase is 170k and worth about 200 in the shape its in. I was expecting a much better interest rate and less fee's, but maybe this is the normal for newbies in investing?