$1000: Enough to host a Minecraft server?

The computer will host a server for 10 of us. One of my friends had a computer that hosted our server but it both recently broke down. He decided to transfer the remaining functioning parts to his old AMD computer and play minecraft from there.

We're all going to chip in and fork over 200$ for a new server.

So, the question is, is $1000 enough?

Approximate Purchase Date: Soon as enough feedback is given to make a decision.

Budget Range: 1000 MAX

System Usage from Most to Least Important: Hosting a minecraft server.

Are you buying a monitor: Yes

Do you need to buy OS: Yes

Preferred Website(s) for Parts: Newegg

Parts Preferences: None

Overclocking: Depends

SLI or Crossfire: No

Your Monitor Resolution: Kind of irrelevant, but I'm probably wrong - 1366 x 768 is probably the best we can get.

Parts picked already: (never built a server before so all this is probably baloney but I'll give it a shot)

CPU: Intel Core i5-3570K Ivy Bridge 3.4GHz (3.8GHz Turbo) LGA 1155 77W Quad-Core Desktop Processor Intel HD Graphics 4000 BX80637I53570K

CPU Cooler: COOLER MASTER Hyper 212 EVO RR-212E-20PK-R2 Continuous Direct Contact 120mm Sleeve CPU Cooler Compatible with latest Intel ...

Motherboard: ASRock Z77 Extreme4 LGA 1155 Intel Z77 HDMI SATA 6Gb/s USB 3.0 ATX Intel Motherboard

GPU: Do we need one?

Memory: G.SKILL Ares Series 8GB (2 x 4GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Desktop Memory Model F3-1600C9D-8GAB X2 of this

Storage: Western Digital WD Blue WD10EALX 1TB 7200 RPM 32MB Cache SATA 6.0Gb/s 3.5" Internal Hard Drive -Bare Drive

PSU: Rosewill CAPSTONE Series CAPSTONE-550 550W Continuous @ 50°C, 80 PLUS GOLD Certified, Single +12V Rail, ATX12V v2.31 / EPS12V v2.92, SLI Ready, CrossFire Ready, Active - PFC Power Supply

Case: Rosewill Challenger or HAF 912 or Antec 302? - 80 - 100$ MAX

ODD: ASUS 24X DVD Burner

OS: Microsoft Windows 7 Home Premium

Monitor: Suggestions please. 100$ would be max I guess, depending on the case.

Total: $810 on Newegg after rebates and shipping. (Not including case & monitor)

Any help on this is greatly appreciated.
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More about 1000 host minecraft server
  1. You will appreciate the huge SSD and 16GB RAM, and plus, MineCraft doesn't require or warrant a 3570K. You can also use this as a server for other purposes(i.e. fileserver,webhost,seedbox,etc.) or even another game server (for maybe, Arma 2?):

    PCPartPicker part list / Price breakdown by merchant / Benchmarks

    CPU: Intel Core i5-3470 3.2GHz Quad-Core Processor ($149.99 @ Microcenter)
    Motherboard: Gigabyte GA-B75M-D3V Micro ATX LGA1155 Motherboard ($56.70 @ Newegg)
    Memory: G.Skill Sniper Gaming Series 16GB (2 x 8GB) DDR3-1866 Memory ($59.99 @ Newegg)
    Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($69.99 @ NCIX US)
    Storage: Plextor M5S Series 256GB 2.5" Solid State Disk ($169.99 @ Newegg)
    Case: NZXT Source 210 Elite (White) ATX Mid Tower Case ($49.99 @ Amazon)
    Power Supply: Rosewill Hive 550W 80 PLUS Bronze Certified ATX12V / EPS12V Power Supply ($56.00 @ Newegg)
    Optical Drive: Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer ($16.99 @ Newegg)
    Monitor: Asus VH236H 23.0" Monitor ($139.99 @ NCIX US)
    Operating System: Microsoft Windows 7 Home Premium SP1 (64-bit) ($89.99 @ CompUSA)
    Total: $859.62
    (Prices include shipping, taxes, and discounts when available.)
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