Investment property interest rates

[Luis Vaca]

Fellow noob here, I am in the process of signing documents for my first SFH property in Kansas city. When doing my analysis i was doing it with 5.0 interest rate. Currently it is at 5.7% for me.

It is still a decent deal but it drops down my CoCR to just above 9%, monthly cashflow now down to about 150$.

Question is do rates drop to 5% or below usually in the kansas city area for investment properties? This way i can just refinance later.

Thanks for any info