Is this a good build for 650$

PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: AMD FX-6300 3.5GHz 6-Core Processor ($109.99 @ NCIX US)
Motherboard: ASRock 970 Extreme3 R2.0 ATX AM3+ Motherboard ($64.99 @ Newegg)
Memory: Team Vulcan 8GB (2 x 4GB) DDR3-1600 Memory ($65.99 @ Newegg)
Storage: Hitachi Ultrastar 1TB 3.5" 7200RPM Internal Hard Drive ($54.00 @ Amazon)
Video Card: Asus GeForce GTX 760 2GB DirectCU II Video Card ($229.20 @ Newegg)
Case: Rosewill Galaxy-01 ATX Mid Tower Case ($34.99 @ Newegg)
Power Supply: XFX 550W 80+ Bronze Certified ATX Power Supply ($49.99 @ NCIX US)
Optical Drive: LG GH24NSB0 DVD/CD Writer ($15.98 @ OutletPC)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($89.98 @ OutletPC)
Total: $715.11
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2014-05-26 12:33 EDT-0400)
 
Solution
No it doesn't. If you want to spend less, you can get a R9 270 which is slightly lower than a GTX 760 but it is still capable of playing at 1080p.
The power supply i would stick with the XFX 550W. It is a better quality power supply than the one you chosen.