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Yes, you should be able to build a system with a Core i5 4690k, GTX 970, and 8GB ram for $800. Maybe even 16GB of ram, but 8Gb is really all you need for games. That should run any modern game no problem.
ETA: could probably even step up to the 6600k but that might be tricky to do for $800 since the DDR4 ram costs more than DDR3 does for the 4690k. There's not a huge performance difference between the processors.
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That might be tough...970's are about $300+, and the i5 4690k is about $240...
So Already we're at $540, - $80ish for a motherboard, -$50 for a 1tb HDD(forget about an SSD in this price range...can grab one later), -60ish for a PSU, -$35ish for 8 gig stick of RAM, that leaves you with $34 for a case...which can be done, but that's not going to be fun.
With a non-k processor and a cheaper H chipset board, you might be able to squeeze a 120gig SSD in with a cheap case but you'll be very limited on how many games you can download and will run out of space fairly quickly...
Here's something: No overclocking, and you could save money on the PSU by going with something of lesser quality..but I won't mess with the cheap PSU's personally...
PCPartPicker part list: http://pcpartpicker.com/p/fCBdjX
Price breakdown by merchant: http://pcpartpicker.com/p/fCBdjX/by_merchant/
CPU: Intel Core i5-4690 3.5GHz Quad-Core Processor ($218.88 @ OutletPC)
Motherboard: ASRock H97M PRO4 Micro ATX LGA1150 Motherboard ($77.88 @ OutletPC)
Memory: Corsair Vengeance 8GB (1 x 8GB) DDR3-1600 Memory ($34.88 @ OutletPC)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($48.77 @ OutletPC)
Video Card: EVGA GeForce GTX 970 4GB ACX 2.0 Video Card ($303.98 @ Newegg)
Case: Fractal Design Core 1100 MicroATX Mini Tower Case ($39.99 @ NCIX US)
Power Supply: SeaSonic S12II 520W 80+ Bronze Certified ATX Power Supply ($58.99 @ B&H)
Total: $783.37
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2016-04-27 13:01 EDT-0400