DrewPeterson7
Sage of the Order
$300? That's what my audio interface for this rig costs. Lets be real here...
...but it's also, if not entry level, at least squarely towards the lower end of the "pro-sumer" audio market. Good enough so that you should be able to get some pretty satisfactory results if you know what you're doing, but also nowhere near the ballpark of what you would find in a studio where you'd normally expect to find "commercial quality" recordings being made.
A lot of the guys posting here are right, there is absolutely no reason you couldn't make an excellent sounding album on that setup (and to be fair you're working with the same caliber gear I do), but you have to REALLY know what you're doing with it, and you're going to want to start reading up on acoustic treatment for the space you record and mix in, and gain staging before you dig much deeper.
The problem is, if all it took was a computer, a DAW, decent monitors, and a $300 audio interface to make a killer record, then this forum would be full of mixes that would make pros weep with jealousy and all the big name studios would be out of business. But, the gear is only part of the story, and not a very big one at that - go out and buy that setup, but expect to spend a year or two developing your ear, learning how to arrange, track, and mix, before you even begin to get results that you're not completely embarrassed by when you A/B them against a professional recording.
I don't want to discourage you - far from it, because I think recording is a fuck of a lot of fun and it's certainly something you CAN get great results working in your home - but what you're essentially proposing here is becoming an excellent brain surgeon by going out and buying an affordable scalpel set and a couple bottles of tylenol. I mean, yes, the tools are important, but WAY more important is knowing what to do with them.