The invention relates to a waterproof product containing linear low density polyethylene (LLDPE), in particular to a waterproof coiled material and a preparation method thereof, solving the problems of low performance index and high formulation cost of the waterproof coiled materials in the prior art. The waterproof coiled material is prepared by ethylene-octylene copolymers, chlorinated polyethylene, LLDPE, filling and reinforcing agents, softening and plasticizing agents, phenolic antioxidants, heat stabilizing agents, lubricants and light stabilizing agents. The method is characterized by mixing and stirring all the raw materials, adopting a plastic refining machine, a two-roll machine and a grain cutting machine in sequence for granulation, throwing the grains into a single screw extruder to be extruded and molding the grains with molds; and throwing the molded grains into a three-roll cooling embossing machine to be rolled, thus preparing the waterproof coiled material. The waterproof coiled material not only retains the special softness, elongation and resilience of the rubber, but also retains higher tensile strength at break of LLDPE, has good softness, straightness and flatness, has performance index in excess of the national standard and related standards of the Ministry of Railways, has excellent aging resistance, physical performance and processability and has low production cost.