I think a DDR5 build at this point is the way to go, but I'd highly recommend getting a bigger power supply for future proofing. I'd also consider a slight bump in the video card. Definitely get a bigger power supply though, as I made that mistake doing a 2020 build, only could get a 2000 series NVIDIA GPU at the time, so I just stuck a 650W in as that's all it needed. Then once shit calmed down, I decided to catch the 5800x3d discount wave with a 4070ti and I had to get a new power supply. Spend the extra 50 bucks now, rather than spending $150 down the road and cursing yourself the whole time as you have to essentially rewire your whole setup. I wouldn't go lower than 850W these days, and that's going to be overkill for your setup right now, but it likely won't always be.

You'll also need more RAM soon enough too, but that's easy breezy down the road, allocate your money to something else right now. Just make sure to get it on two sticks and if your motherboard has four slots (pretty sure it does), you can always grab two more matching sticks on sale down the road. Problem solved.

Oh, get a better hard drive than that too, there's a reason it's so cheap (PCI3). Just grab a 1TB for about the same price, but a PCI4 one. This is also something thats super easy to update down the road, and you don't need to worry about for a bit, as 1TB will probably get you through the next year at least.