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Gaming computer build around 500$

I was looking for some suggestions on a good computer buld for around 500$. I play alot of steam games and the latest game I play is Left for dead 2. I have already a dynex 520 watt power supply still new in box (dont know alot abouit this power supply) and a AMD 4850 (Was given to me). I also have a LG 19" LED monitor. IF you wouldnt suggest any of those part let me know. Any Suggestions?!?
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    PCPartPicker part list / Price breakdown by merchant / Benchmarks

    CPU: Intel Core i3-3220 3.3GHz Dual-Core Processor ($123.79 @ Amazon)
    Motherboard: ASRock H77M Micro ATX LGA1155 Motherboard ($69.99 @ Newegg)
    Memory: Corsair 8GB (2 x 4GB) DDR3-1600 Memory ($39.00 @ Amazon)
    Storage: Hitachi 500GB 3.5" 7200RPM Internal Hard Drive ($54.98 @ Outlet PC)
    Video Card: MSI Radeon HD 7770 1GB Video Card ($99.99 @ Newegg)
    Case: Cooler Master Elite 430 ATX Mid Tower Case ($41.98 @ Amazon)
    Power Supply: Corsair Builder 500W 80 PLUS Bronze Certified ATX12V Power Supply ($39.99 @ Newegg)
    Optical Drive: Samsung SH-224BB DVD/CD Writer ($15.98 @ Outlet PC)
    Total: $485.70
    (Prices include shipping, taxes, and discounts when available.)
    (Generated by PCPartPicker 2013-02-13 15:38 EST-0500)

    Do this.

    As for the parts you have, the video card is old and not that useable and the PSU is of a bad make and won't be reliable.
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