For our area that is a good deal. Our cow calf pairs of cross/mix bred with no papers are $1,400-$1,800 and that just the Cow and one calf. Single breed dairy without papers is $1,500-3,000 and single breed beef without papers is $3,000-$4,000 and those are all just cow/calf pair. So for us that price is perfectly reasonable and actually cheap for a single breed with papers.
Prices vary GREATLY around the country for all livestock so my good/cheap price here might not be the same for you. The other aspect is you don't eat papers, no one local to us gives a fig if any livestock has papers and will not pay a penny more for papers. We learned this when we bought two registered hereford pigs and a registered hereford boar, the boar was $1,000 and the girls were $400 each because we got it as a package deal. We also had a un-registered duroc pig. We could not sell the registered ones for anymore then the mutt ones, cause no on here cares. So it is worth checking in your area if buying registered animals is really something that is going to be worth while for your farm, pocketbook, and customers.
We have also found it very difficult to sell anything here that people are not "used to" locally. They will also not pay more for anything, they are not paying more for single breed registered beef then they are for mutt beef and certainly not paying more for grass fed vs grain fed etc. That is just how my area is, but 3hrs away from us people do pay more for those things. So just make sure you have researched your area and market well if that is a concern for you, before investing in registered single breed livestock. Farming is all about being willing to take the risk or not and learning from your mistakes.....which we all make!