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Solution
That rig is fine and is compatible. But fx 8350 is more equally balanced with gtx 770 and better gpus.
So fx 8320 should be your cpu considering the budget. You can even get an asus m5a97 r2.0 or Gigabyte ga 970a to save some money so that you will be able to afford gtx 770. Because for me fx 8320 and gtx 770 is better than fx 8350 and gtx 760.
PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: Intel Core i5-4670K 3.4GHz Quad-Core Processor ($219.00 @ Amazon)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($29.99 @ NCIX US)
Motherboard: ASRock Z87 Extreme4 ATX LGA1150 Motherboard ($119.99 @ Micro Center)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-1600 Memory ($79.02 @ NCIX US)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($57.98 @ OutletPC)
Video Card: EVGA GeForce GTX 770 2GB Video Card ($327.36 @ B&H)
Case: Cooler Master HAF 912 ATX Mid Tower Case ($49.99 @ Micro Center)
Optical Drive: Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer ($19.98 @ OutletPC)
Operating System: Microsoft Windows 8.1 - 64-bit (OEM) (64-bit) ($97.26 @ OutletPC)
Total: $1000.57
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2014-03-20 13:40 EDT-0400)

This is the computer I am going to build. I already ordered all the parts except the power supply. Can you recommend a good power supply
Is the xfx 550 watt power supply enough power for this build?
 
PCPartPicker part list / Price breakdown by merchant / Benchmarks

CPU: Intel Core i5-4670K 3.4GHz Quad-Core Processor ($219.00 @ Amazon)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($29.99 @ NCIX US)
Motherboard: ASRock Z87 Extreme4 ATX LGA1150 Motherboard ($119.99 @ Micro Center)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-1600 Memory ($79.02 @ NCIX US)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($57.98 @ OutletPC)
Video Card: EVGA GeForce GTX 770 2GB Video Card ($327.36 @ B&H)
Case: Cooler Master HAF 912 ATX Mid Tower Case ($49.99 @ Micro Center)
Power Supply: XFX 750W 80+ Bronze Certified ATX Power Supply ($79.99 @ NCIX US)
Optical Drive: Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer ($19.98 @ OutletPC)
Operating System: Microsoft Windows 8.1 - 64-bit (OEM) (64-bit) ($97.26 @ OutletPC)
Total: $1080.56
(Prices include shipping, taxes, and discounts when available.)
(Generated by PCPartPicker 2014-03-20 15:03 EDT-0400)

This is the final build

 


I have a Sandy i7 build myself you idiot.he clearly went with what what fit his budget and not your stupid Xeon build. :lol:
 
@op sorry for all the bickering. your build will give ultra on every game, and allow you to overclock id say to about 3.8ghz, maybe even more. will give you the same performance, and better with the overclock, as the xeon build and the 8320 build. the case is high quality for a low price, the power supply is the right amount, and you should have fun putting it together and playing with it :)
 

Perfect top notch build overclock that CPU and it will blow by the Xeon build. Good work man have fun!