First off, this may not be as dire as you think. You started in the slow season. You might make that up in summer bookings. Calculate your minimum break-even rate at 75% occupancy and set Wheelhouse to not price below that. If the market is so saturated that you are not able to get bookings above your break-even rate, you need to consider your other options.
(I’m calculating your break even rate at $144/night. If you book 75% of days at that rate you’ll just meet expenses of $3,228. Most of your nights need to book higher than that to earn profit.)
Is there any way you can take over the management? It looks like you’re paying both a management fee AND a cleaning fee. Combined, this is 40% of your expenses. Far too high.
The going rate I’ve heard is 20% INCLUDING cleaning. For reference, cleaning is about 7% of my expenses. Cleaning and direct expenses (like k-cups, linens, replacement furnishings) run about 24% of my revenue.
It’s concerning that your spreadsheet doesn’t consider taxes. You should talk to a tax accountant to see how much you need to reserve. I hold back 30% of revenue for taxes.
Most businesses don’t make money their first year. I had a far more modest investment in my place and I still didn’t have much profit the first year. Also consider that many entrepreneurs do ALL the work until they get their fledgling business off the ground. You may need to put in some quality time with a toilet brush until your expenses are under control.