The invention discloses epoxy-resin-modified polyurethane waterproof paint and a preparation method thereof. The epoxy-resin-modified polyurethane waterproof paint comprises the following components according to the parts by weight: 80-100 parts of polyether glycol, 20-40 parts of isophorone diisocyanate, 30-50 parts of an epoxy resin, 2-6 parts of hydroxy-terminated poly-dimethylsiloxane, 0.04-0.2 parts of chloroplatinic acid, 0.6-1 part of a silane coupling agent, 2-6 parts of dimethylolpropionic acid, 15-25 parts of acetone, 4-10 parts of trimethylamine, 0.02-0.5 parts of dibutyltin dilaurate, 5-10 parts of water, and 30-60 parts of inorganic filler. The preparation method comprises the following steps: S1: modifying the epoxy resin; S2: under the protection of nitrogen in 65-75 DEG C,performing a nucleophilic addition reaction of the polyether glycol; S3: in 70 DEG C, copolymerizing reaction products in the steps S1 and S2 and the dimethylolpropionic acid; and S4: neutralizing andhomogenizing. The epoxy-resin-modified polyurethane waterproof paint is capable of using the mutual crosslinking modification of polydimethylsiloxane, the epoxy resin and polyurethane, synthesizing the advantages of three parties, and improving the structure stability and the mechanical property of a coating film. The produced polyurethane waterproof paint can be tightly adhered to a non-polar base plane, and excellent in waterproof anti-penetrability performance.