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Old 30th July 2018
  #6
Lives for gear
Your mic is fine, but you won't approach the sound of a professional studio with the rest of your set-up. You need a better interface, better preamp (you can combine the two) and probably a better room (sound treatment, vocal booth, etc.).

If you only have $300, I would wait honestly and save up until you can get something decent that has really good converters and decent preamps. There are lots around, but not for $300 that I know of. Once you get to $550 or so, you can get an Apogee Duet or RME Babyface. The difference you experience should be significant. Or buy used and maybe you can get one of those for closer to $300.