How well will this build overclock?
Go for an i3, a single stick of 8GB RAM, and a 500W PSU so you have room to grow in the future:
This build will perform so much better from day one, as well as giving you a clear upgrade path to an i5/i7/Xeon, 16GB of RAM and a beefier GPU without having to do any major part replacements, all while costing less than the build you proposed.
You could even go for a CX600M($43) PSU if you aren't afraid of a $20 MIR. Also, if you aren't opposed to buying used, there are some spectacular deals on used GPUs on eBay and Craigslist, just validate that they work, weren't used for mining, and come with a transferable warranty. Stuff around the R9 280 level can be had for around $100 consistently.
PCPartPicker part list: http://pcpartpicker.com/p/7CtRbv
Price breakdown by merchant: http://pcpartpicker.com/p/7CtRbv/by_merchant/
CPU: Intel Core i3-4130 3.4GHz Dual-Core Processor ($113.99 @ SuperBiiz)
Motherboard: Gigabyte GA-B85M-GAMING 3 Micro ATX LGA1150 Motherboard ($39.59 @ Newegg) <--- Really nice mobo for a low price.
Memory: G.Skill Ripjaws X Series 8GB (1 x 8GB) DDR3-1600 Memory ($49.99 @ Newegg)
Storage: Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive ($49.30 @ Amazon)
Video Card: Sapphire Radeon R7 260X 2GB Video Card ($89.99 @ Newegg)
Case: Thermaltake VL80001W2Z ATX Mid Tower Case ($21.99 @ Micro Center)
Power Supply: EVGA 500W 80+ Bronze Certified ATX Power Supply ($29.99 @ NCIX US)
Total: $394.84
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2015-04-20 22:53 EDT-0400
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