- Server
- Streamer/endpoint
- DAC
How you stream music makes a difference but, in general, my experience is that your money should go in the opposite order of the list above, with most going to the DAC to achieve the biggest bang for your sonic buck.
As you pointed out, the Grimm MU2 does it all, and very well based on most reports. You could also consider something like Meitner’s MA3i, which serves as a streamer, DAC, and even a volume control, but you would still need a server to run Roon core and store your files. At reasonable prices, I have had good luck with Small Green Computer servers, especially when paired with a good streamer, like Sonore’s top model or something like the Innuos Pulsar. Separates work well, and particularly for flexibility but, at your price point and considering your needs, you might find that the Grimm delivers it all. As pointed out by @soix, you could rip your CDs to the server and then sell the Jay’ to increase your budget for the new stuff. Ripping to a SGC server is a piece of cake. I still occasionally buy and rip CDs even though I have nothing to directly play them on.

