What is the minimum acceptable cash flow for 100% financing?

[Mal Toto]

Dear All,

I'm considering purchasing a property using an interest only HELOC + Conventional loan. It is a 3-family, which after expenses should produce about $360/month (see cost analysis attached). Rents are currently low for the market, but tenants have been there for a long time rent raises would have to be slow and tied to updates. Does the attached cost analysis look sound? Would you consider this deal? I've been negotiating for awhile and the price is not going to lower any further.

Thank you for any advice!

-Mal