Just change the powersupply to an sfx one and you're good with this. Or I may suggest that upgrade the CPU to a 7700k for $180, SFX PSU for $120 and an 3070 or 3080 for 500/700.
On my i7 7700 (non-k) I can say that cyberpunk is a GPU bound game and only upgrading the CPU,GPU, and PSU is enough to keep you game for now. And if more games started requiring more than 4 cores, maybe AM5 is out and you can do a platform upgrade there.