How much could you rent it for in your area? Do you have the means to purchase it?
How much is the roughly 1.25+- acres worth? You may be able to buy the land, and make a profit.
$2500 + approx $4000 personal loan. If you can rent it for $575/month, and depending on your loan, loan costs and term of loan (and cost to make it inhabitable). If you can keep the rehab costs down, it could work.
In Single Family home rentals, many of us try to do a quick estimation. You want to be able to rent for at least 1% (or more) monthly of the total purchase price. If the home meets that qualification, then I usually run the true numbers through the rental property calculator to get a closer idea of the real cost and benefits.
Using this method if I was interested in a house that cost $52K, it'd have to be rentable at $520/month. If it meets that requirement, then off I go to the Rental property calculator.
This is all theory, so please factor in your own actual costs. This information is very general and may lead to failure.
@Logan Caudill If it's been abandoned for a few years, I'd check to see if you can test out the systems in the home (i.e. electrical, plumbing, etc). Not sure how old the home is but you definitely want to check out the roof, electrical, water heater, heating and air conditioning and plumbing at the very least. Good luck!