Looking for suggestions

I’m looking for some help in upgrading the "digital" portion of my two channel audio system. I have an average quality CD player and a Bluesound Node 2 used exclusively for wireless streaming of HD Tidal content. Some say the DAC in Node 2 is decent but I can do better with an outboard DAC. So I guess, I’m looking for a product that can improve both the quality of CD playback and the Node 2’s streamed content. Can this be accomplished by buying one good quality DAC and feeding the CD player and Node 2 outputs into it? I could also get something like a Musical Fidelity M3scd which is a CD player and a DAC - a much better CD transport than my old CD player, but my preference is to keep the cost below $1K.

Any suggestions? Thanks.

Added - Opinions on MF M1DAC welcomed.